In a tweet on Tuesday, Musk mentioned he reached out to Apple CEO Tim Cook “to talk about the likelihood of Apple obtaining Tesla (for just one-tenth of our present-day price). He refused to acquire the meeting.”
Tesla’s market benefit is $616 billion, as of the shut of investing Tuesday. Just one-tenth of that is $61.6 billion.
Musk explained he sought out the meeting with Cook dinner “during the darkest days of the Design 3 program,” a reference to Tesla’s to start with electric powered automobile made for the mass industry.
As a short while ago as 2018, Tesla was battling to meet its vehicle generation targets and change a profit.
Tesla’s fortunes have improved due to the fact then. The automaker is finally producing funds on a reliable foundation immediately after many years of losses and proceeds to hit milestones for deliveries of its vehicles.
Its shares have soared 665 for every cent this 12 months by itself, producing it the world’s most beneficial automaker and among the best 10 most significant US firms in the S&P 500 index, which Tesla entered on Monday.
Musk’s tweet adopted printed studies suggesting Apple is functioning on acquiring its own electric automobiles. Apple declined to remark.