Musk said he planned to discuss the possibility of selling Tesla to Apple for one-tenth of its current value, indicating a valuation of about $60 billion.
Apple Inc. CEO Tim Cook would not take a gathering years back to examine getting Tesla Inc., Elon Musk said on Tuesday.
Musk’s tweet on the ongoing scenario
Tesla CEO Musk said in a tweet that he connected with Apple during the “most obscure days” of improvement of his organization’s Model 3 to discuss a potential arrangement. Musk said he wanted to examine the chance of offering Tesla to Apple for one-10th of its present worth, demonstrating a valuation of about $60 billion.
In 2017, Tesla consumed money as it inclined yield of its mass-market Model 3 electric vehicle. Musk told representatives then at the organization’s Fremont, California, plant that it confronted a time of “creation hellfire” for a half year or more. Weeks subsequent to offering that expression, he tweeted about dozing on the top of the industrial facility as he attempted to determine bottlenecks.
That occurred around a similar time Apple chose to move from improvement of an undeniable Tesla contender to a fundamental self-driving vehicle framework.
Lately, Apple has employed various ex-Tesla chiefs who spend significant time in drive train, vehicle inside and self-driving innovation. It has likewise obtained organizations that work in self-driving vehicle improvement, demonstrating that the organization is by and by thinking about entering the market.
An Apple representative exposed a decline
An Apple representative declined to remark on Musk’s comments. Tesla didn’t answer to a solicitation for a remark on the circumstance of the offer Musk portrayed.
Portions of Apple and Tesla have flooded since the start of 2017. Tesla has acquired – generally 1,400% – yet is as yet worth not exactly 33% of Apple’s market capitalization. This week, Apple’s stock has climbed, while Tesla has slipped on a Reuters report that Apple is planning to create a driverless vehicle for buyers in 2024.
Musk’s remark about Apple came a day after Tesla joined Apple in the benchmark S&P 500 Index, covering a year in which its stock has flooded. Speculators have offered up the offers as the organization has posted five sequential quarters of benefit.