Apple CEO Tim Cook refused a meeting with Tesla's Elon Musk to deliberate on the possibility of the Cupertino-based tech giant acquiring Tesla, according to a recent tweet by the eccentric entrepreneur.
While responding to a tweet by Brett Winton, director of research at ARK Invest about Apple's ambitions of making it big in the self-driving car technology sector via Project Titan, Musk laid bare what could have been a gamechanger.
Apple still reputedly planning to build an iCar.Brett Winton (@wintonARK) December 21, 2020
The apparent secret sauce:
They watched the livestream of Teslas battery day;
They also took notes;
Then those notes were exclusively leaked to Reuters.
So they could hire, hoping to begin production by
Musk tweeted, "During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting."
During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting.Elon Musk (@elonmusk) December 22, 2020
These "darkest days" occurred during 2017 and 2018 when Tesla was stuck in "production hell" and scrambled to scale up the production of its Model 3 Sedan because of the issues related to automated production systems at its battery factory in Nevada.
Musk added monocell design- the technology Apple plans to use "is electrochemically impossible as maximum voltage is ~ 100X too low. Maybe they meant cells bonded together, like our structural battery pack?"
Meanwhile, Tesla has become the most valued company by market capitalization to make its S&P 500 debut. Its current market capitalization exceeds $600 billion after four consecutive profitable quarters.
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