Tesla CEO Elon Musk says he once considered selling the electric car maker to Apple, but the iPhone maker's CEO blew off the meeting.
In a tweet Tuesday, Musk said he reached out to Apple CEO Tim Cook to discuss the possibility of Apple acquiring Tesla (for one-tenth of our current value).
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He refused to take the meeting. Tesla's market value is USD 616 billion, as of the close of trading Tuesday. One-tenth of that is USD 61.6 billion.
Musk said he sought out 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 goals and turn a profit.
Tesla's fortunes have changed since then. The automaker is finally making money on a consistent basis after years of losses and continues to hit milestones for deliveries of its vehicles.
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Its shares have soared 665 per cent this year alone, making it the world's most valuable automaker and among the top 10 biggest US companies in the S&P 500 index, which Tesla entered on Monday.
Musk's tweet followed published reports suggesting Apple is working on developing its own electric cars. Apple declined to comment.