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Elon Musk posted his tweet on his previous consideration to sell Tesla shortly after the reports that Apple may launch its autonomous vehicle in 2024.
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk revealed that he considered selling the electric car company to Apple Inc (NASDAQ: AAPL) CEO Tim Cook. However, Tim Cook refused to take the meeting regarding Musk’s plan to sell Tesla.
During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting.
— Elon Musk (@elonmusk) December 22, 2020
Tesla CEO Considers Selling Company to Apple amid ‘Darkest Times’
Despite the global economic meltdown that affected many companies, including carmakers, Tesla has been pulling in increases. The electric vehicle (EV) company has also ventured into setting up new factories and announcing new models.
TSLA has jumped over 652% over the past year and about 665.35% since the year began. Also, the company has gained 50.94% in the last three months and about 15% over the past month. In the last five days, the company has recorded an increase of over 1%. At press time, data by MarketWatch said Tesla is at after-hours trading of $634.47. The current trading price is a 0.92% loss over its previous close of $640.34.
Musk Reacts to the News on Apple Autonomous Car
Elon Musk posted his tweet on his previous consideration to sell Tesla shortly after Reuters recently reported that Apple may launch its autonomous vehicle in 2024. In response to a tweet that showed that Apple is planning to use a unique “monocell design,” Musk replied:
“Strange, if true. Tesla already uses iron-phosphate for medium-range cars made in our Shanghai factory. A monocell is electrochemically impossible, as max voltage is ~100x too low. Maybe they meant cells bonded together, like our structural battery pack?”
In a tweet posted on the 3rd of November, Musk highlighted that Tesla faced some challenges during the production of the Model 3. The CEO said he had to commit all his money to Tesla as the company was three days away from bankruptcy. He said he did not have a house at the tie and resorted to borrowing money from friend to settle bills. Musk said it was a “difficult time.”
Although Apple has not officially announced plans to develop a self-driving car, CEO Tim Cook confirmed that the company is focusing on autonomous systems2. In 2017, Cook gave details on Apple Car for the first time during an interview on Bloomberg Television.
Like Tesla, Apple has also been recording gains since over the past twelve months. The company has climbed 85.5% in the last one year and nearly 80% in its year-to-date record. In addition, Apple has climbed 17.95% in the last three months and over 14% over the past months. Also, the company is up 3.13% in the last five days.