January 16, 2021

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Elon Musk states he at the time tried to promote Tesla to Apple | Business News

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Tesla manager Elon Musk has exposed he the moment attempted to sell his electric powered...

Tesla manager Elon Musk has exposed he the moment attempted to sell his electric powered car company to Apple.

Mr Musk, 49, did not say precisely when he requested a meeting with the tech giant’s main executive but he described it as becoming “during the darkest days of the Product 3 programme”.

Tesla was having difficulties to meet up with car output targets for the electric powered automobile – its 1st intended for the mass market place – in 2017 and 2018.

At the time Mr Musk stated the enterprise was in “manufacturing hell”, blaming issues with automated creation techniques at its battery manufacturing facility in Nevada.

In a tweet to his 41m followers, Mr Musk said experienced asked for a assembly with Apple manager Tim Prepare dinner “to discuss the possibility of Apple buying Tesla (for one-tenth of our present price)”.

Mr Musk said: “He refused to get the assembly.”

Tesla’s worth, as at the near of investing on Tuesday, was $616bn (£458bn), so a tenth of this would be $61.6bn (£45.8bn).

The corporation is also ultimately earning a income soon after yrs of losses and in Oct it sent a history range of new cars and trucks.

Its shares have soared 665% this 12 months and it is the world’s most useful automaker and amid the leading 10 major US firms in the S&P 500 index.

Apple’s automotive venture began in 2014 but it has also faced issues.

Apple has declined to remark on Mr Musk’s tweet.

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