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Apple didn’t instantly reply to a request for remark
Musk made the declare in response to a submit a couple of Reuters report revealed Monday. Apple is planning to introduce a mass-market car that may make use of latest battery expertise, in keeping with the Reuters report, which cites nameless sources.
“I reached out to Tim Cook dinner to debate the potential of Apple buying Tesla (for 1/10 of our present worth),” Musk mentioned in a tweet. “He refused to take the assembly.”
Musk mentioned on Twitter the Reuters report was “unusual, if true” and added in a second tweet that he approached Cook dinner a couple of attainable sale throughout the early days of Tesla’s Mannequin 3 program, the mid-market sedan that hit the market in 2017. The Mannequin 3 suffered months of producing difficulties and different points, together with automobiles being assembled in a tent subsequent to Tesla’s Fremont, California manufacturing facility. The Mannequin 3 is now the best-selling luxurious automotive in America, fueling Tesla’s rise to the most precious automaker on this planet.
In August of 2018, Musk claimed on Twitter that he was contemplating “taking Tesla non-public” with “funding secured.” That tweet turned out to not be true, and after an investigation by the Securities and Alternate Fee, Musk agreed to a settlement that included a provision that he would have tweets regarding “any details about Tesla’s monetary situation” or “potential or proposed mergers” reviewed by an “skilled securities lawyer.”
It’s unclear if an skilled securities lawyer reviewed Musk’s Tuesday tweets.
Breaking into the auto market is a notoriously troublesome endeavor. Musk has mentioned that Tesla was almost bankrupt at a number of factors all through its 17-year-history. The corporate solely posted its first annual revenue final yr.
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