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Elon Musk | Tesla: Elon Musk says he had once reached out to Apple for acquiring Tesla


Silicon Valley billionaire Elon Musk stated on Tuesday he reached out to Apple Chief Government Officer Tim Prepare dinner “throughout the darkest days of the Mannequin 3 program” to debate the opportunity of the iPhone maker buying Tesla for a tenth of its present worth.

“He refused to take the assembly”, stated Musk, CEO of electric-car maker Tesla, replying to a Twitter chain which cited a Reuters story on Apple seeking to produce a passenger automobile by 2024 with a brand new battery know-how.

Throughout 2017 and 2018, Tesla struggled to ramp up excessive quantity manufacturing of the Mannequin 3 sedan, with Musk on the time informing traders the corporate was mired in “manufacturing hell” due to issues with automated manufacturing programs at its battery manufacturing facility in Reno, Nevada.

Nonetheless, Tesla overcame the issues and has since racked up a string of quarterly earnings. The electrical automaker turned probably the most invaluable firms to affix the S&P 500 when it turned a part of the extensively adopted inventory index on Monday.

Shares of Tesla, nonetheless, ended 6.5% decrease in its S&P 500 debut, amid information of potential competitors from Apple.

Apple’s automotive efforts, often known as Venture Titan, have proceeded erratically since 2014 when it first began to design its personal automobile from scratch.

Central to the corporate’s technique for auto manufacturing is a brand new battery design that might “radically” cut back the price of batteries and improve the automobile’s vary.

In the identical Twitter chain, Musk stated “monocell”, which Apple plans to make use of in its design, “is electrochemically unimaginable as max voltage is ~100X too low” until they’re bonded collectively.

Apple declined to remark whereas Tesla didn’t instantly reply to a Reuters request for remark.

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