Elon Musk says he supplied Apple to purchase Tesla throughout ‘darkest days’ & for 10% of present worth… however Tim Prepare dinner REFUSED assembly

Entrepreneur Elon Musk has revealed that he mulled promoting off Tesla for grime low cost to Apple throughout tough instances for the Mannequin three rollout, however mentioned firm CEO Tim Prepare dinner rebuffed the provide, refusing to even grant him a gathering.

Musk let the element slip in a tweet on Tuesday, following reviews that Apple may enter the automobile market within the coming years with “subsequent degree” battery know-how, the place it might immediately compete with Tesla.

“Through the darkest days of the Mannequin three program, I reached out to Tim Prepare dinner to debate the potential for Apple buying Tesla (for 1/10 of our present worth). He refused to take the assembly,” Musk mentioned, deeming the small print about Apple’s future ‘iCar’ as “Unusual, if true.”

Through the darkest days of the Mannequin three program, I reached out to Tim Prepare dinner to debate the potential for Apple buying Tesla (for 1/10 of our present worth). He refused to take the assembly.

— Elon Musk (@elonmusk) December 22, 2020

Whereas Musk didn’t give a precise timeframe for the provide, with Tesla shares at the moment going for simply over $ 640 and a market cap of some $ 607 billion, he steered the buy-out may have been a invaluable one for the California-based tech agency. The Mannequin three first rolled off the meeting line in 2017 after greater than a decade below improvement, changing into the world’s best-selling electrical automobile as of final March.

Based on a Reuters report on Monday, Apple goals to interrupt into the plug-in automobile market by 2024, with a staff dubbed “Venture Titan” renewing efforts to develop a automobile from scratch after years of stop-start work. The corporate reportedly plans to develop a brand new battery design that might reduce prices “radically” whereas boosting the automobile’s vary. Musk remained skeptical, nonetheless, stating that the “monocell” battery talked about within the Reuters report is “electrochemically unimaginable.”

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