Elon Musk states Apple CEO refused to talk over acquiring Tesla at $60 Billion

Elon Musk the Tesla CEO said in a tweet that he tried to reach out to Apple in some of his ‘darkest and gloomiest’ days of development of his company’s Model 3 to talk over a probable deal. Apple Inc. Chief Executive Officer Tim Cook refused to talk over a meeting to subjected for acquiring Elon Musk’s company for $60 Billion. He also said that he had prepared for possible deal for selling the company at one tenth of its market value. In 2017, Tesla burned cash as it ramped up output of its mass-market Model 3 electric vehicle. Musk told employees then at the company’s Fremont, California, plant that it faced a period of “production hell” for six months or longer. Weeks after making that statement, he tweeted on sleeping on the factory roof as he tried to resolve bottlenecks.That happened around the same time Apple decided to shift from development of a full-fledged Tesla competitor to an underlying self-driving car system. In recent years, Apple has hired a number of ex-Tesla executives who specialize in drive train, car interior and self-driving technology. It has also acquired companies that specialize in self-driving car development, indicating that the company is once again considering entering the market. An Apple spokesman declined to comment on Musk’s remarks. Tesla did not reply to a request for a comment on the timing of the offer Musk described.

Apple and Tesla’s share have been surging since the beginning of 2017. Tesla has gained more — roughly 1,400% — but is still worth less than a third of Apple’s market capitalization. This week, Apple’s stock has climbed, while Tesla has slipped on a Reuters report that Apple is aiming to produce a driverless car for consumers in 2024.