In a tweet Tuesday, Musk said he reached out to Apple CEO Tim Cook “to discuss the possibility of Apple acquiring Tesla (for a tenth of our current value). He refused to participate in the meeting. ”
Tesla’s market value is $ 616 billion, at the close of business on Tuesday. One tenth of that is $ 61.6 billion.
Musk said he sought the meeting with Cook “during the darkest days of the Model 3 program,” a reference to Tesla’s first electric car designed for the mass market.
As recently as 2018, Tesla was struggling to meet its vehicle production targets and turn a profit.
Tesla’s fortunes have since changed. The automaker is finally making steady money after years of losses and continues to hit milestones in the deliveries of its vehicles.
Its shares have soared 665 percent this year alone, making it the world’s most valuable automaker and among the top 10 US companies in the S&P 500 index, which Tesla entered on Monday.
Musk’s tweet followed published reports suggesting that Apple is working on developing its own electric cars. Apple declined to comment.
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