Elon Musk contemplated sale of Tesla to Apple, says Tim Prepare dinner would not meet

On Tuesday, Tesla CEO Elon Musk tweeted that he thought-about promoting his electrical automobile firm to Apple in recent times, however Apple CEO Tim Prepare dinner was not even thinking about taking a gathering.

Particularly, Musk wrote in a tweet on December 22:

“Throughout the darkest days of the Mannequin three program, I reached out to Tim Prepare dinner to debate the opportunity of Apple buying Tesla (for 1/10 of our present worth). He refused to take the assembly.”

On Tuesday, Musk additionally made remarks about lithium iron phosphate batteries that Apple is reportedly creating to be used in autos, per a Reuters report on Monday.

“Unusual, if true,” Musk wrote. “Tesla already makes use of iron-phosphate for medium vary automobiles made in our Shanghai manufacturing unit.- A monocell is electrochemically inconceivable, as max voltage is ~100X too low. Perhaps they meant cells bonded collectively, like our structural battery pack?”

It was a uncommon admission from the mercurial CEO that he as soon as thought-about giving up management of the corporate he helped construct and take to a market worth that is greater than the highest 9 automakers mixed. Tesla has not mentioned a sale in any monetary submitting.

In 2018, Musk did publicly say the automobile enterprise was “hell,” and that he was sleeping on the manufacturing unit to attempt to resolve the issues the corporate was having because it tried to begin mass-manufacturing its Mannequin three electrical sedans.

He additionally beforehand stated, in a tweet, that Tesla as soon as acquired “a few month” from chapter through the Mannequin three ramp-up — a element that the corporate by no means disclosed in its quarterly filings.

Tesla and Apple have all the time competed for expertise in and past Silicon Valley. In 2015, Musk referred to as Apple the Tesla graveyard. “Should you do not make it at Tesla you go work for Apple,” he quipped then.

In July 2018, Apple employed Tesla engineering chief Doug Area — a former Apple worker — again to the corporate, following scores of different workers.

On the time, Tesla instructed CNBC in an announcement about Apple’s capability to poach key workers from its ranks: “Tesla is the onerous path. We have now 100 instances much less cash than Apple, so after all they will afford to pay extra. We’re in extraordinarily troublesome battles towards entrenched auto firms that make 100 instances extra automobiles than we did final 12 months, so after all that is very onerous work.”

Apple has by no means acknowledged plans to construct a automobile, however Prepare dinner has admitted that it is labored on “autonomous methods” that could possibly be utilized in self-driving automobiles or for different functions.

Apple and Tesla didn’t instantly reply to requests for remark.

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