Apple chief exec refused talks to buy Tesla: Musk
‘DARKEST DAYS’: Musk said he had wanted to talk about selling the firm for about US$60bn in 2017, when it was burning cash to produce the Model 3
Bloomberg
Apple Inc chief executive officer Tim Cook refused to take a meeting years ago to discuss acquiring Tesla Inc, Tesla chief executive Elon Musk said on Tuesday.
Musk wrote on Twitter that he had reached out to Apple during the “darkest days” of development of his company’s Model 3 to talk about a possible deal.
He planned to discuss the possibility of selling Tesla to Apple for one-10th of its current value, indicating a valuation of about US$60 billion, Musk said.
Apple Car would take the tech giant to the next level even if it’s a long shot Daniel Howley
In the next few years, you could be driving an Apple car
Like aliens, Bigfoot, and the Loch Ness Monster, the long-fabled Apple (AAPL) Car is once again said to be on its way. According to Reuters, the tech giant is now targeting 2024 to build its own self-driving, electric-powered passenger vehicle that could pose a threat to Tesla (TSLA).
While there are obvious reasons why a “Tesla-crushing” Apple car won’t exist, as Yahoo Finance’s Brian Sozzi wrote, Apple still has plenty of incentives to pursue it. For one thing, with iPhone sales over the last few years slowing, Apple could benefit from the estimated $9 trillion the auto industry is expected to be worth by 2030.
Why Apple is a real threat to Tesla
Maybe the next true innovation in autos will pass Elon Musk by as he clings to the fantasy that a car s brand should also be its manufacturer.
Tim Culpan
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It was kind of inevitable that Tesla s biggest challenger wouldn t be a car company. Apple makes for the perfect nemesis and could teach its California cousin a thing or two about reliability and delivery.
For years, there s been speculation that Apple would join the electric vehicle race, with teams formed and development under way. Yet the program also seemed to lack focus, leading to job cuts and changes in direction.
Apple Car Could Come By 2024 With Breakthrough Battery Tech
Apple Car Could Come By 2024 With Breakthrough Battery Tech
Apple s technology would reduce the cost and also exponentially increase the range of the vehicle.
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This technology could make batteries cheaper and offer longer range
It has also developed core tech like LiDARs which is used on the iPhone
Apple is said to be changing its strategy for Project Titan yet again. Project Titan is the haloed Apple Car project which originally set out to build a unique autonomous electric car, but then the scope of the project was pared back to a self-driving car system. Now, Reuters reports that Apple is back on track for developing its own branded car which could arrive in 2024 with a breakthrough battery technology which has been described as “next level”.
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The vehicle is said to have a unique battery tech that s next level . Apple is moving forward with an electric car project, targeting 2024 release: Report
Apple is reportedly revising its initial plans for Project Titan to go forward with its self-driving car technology to start its electric vehicle production by 2024 with a next level battery technology. The project started with an objective to build an electric car, which was later restricted to focusing on building a self-driving car system.
Reuters reports that two people familiar with the development of Apple s autonomous electric vehicle told that Apple has advanced to a stage that it now aims to build its own vehicle for consumers. However, pandemic-related delays could delay the start of production into 2025 or beyond.