It is not the first time that it has been groped the idea of Apple acquiring Tesla. One of the world’s leading technology companies acquiring the most promising electric car company of all is not far-fetched. However, the years have passed and none of that has happened. That does not mean that opportunities were not given, according to Elon Musk, he put the offer on Apple’s table, although Tim Cook refused to even meet to discuss it.
This week the idea that Apple is creating its own electric vehicle has resurfaced again. This rumor (and not so rumor) has circulated for years, with different strategy changes. Now the main novelty has to do with the batteries that Apple would use. Single cell batteries with lithium iron phosphate (LFP).
In the wake of this, the Tesla co-founder has made a series of comments on the possibility of Apple copying the idea or hiring its engineers. According to Elon Musk, it is quite rare since Tesla has been using that composition for a while and single cell batteries are “electronically and mechanically impossible”.
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Tesla for 10% of its current value
Elon Musk’s statements, however, have not stopped there. In a next tweet commented on a curiosity of Tesla and the possibility of being acquired by Apple. According to Elon Musk, a few years ago attempted to contact Tim Cook to discuss the possibility of an acquisition. It didn’t go well.
Apparently in Tesla’s toughest times with the Tesla Model 3 development and production program, offered Apple the option to buy Tesla for a tenth of what it costs now. Not only did Tim Cook turn down the offer, he turned down even meeting with Elon Musk.
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When this happened and by what exact figure is difficult to know. The Model 3 began its official production in July 2017, although the design and development much earlier. Regarding the tenth part that Elon Musk comments, if we consider that it currently has a market capitalization of more than 650,000 million dollars, the offer was probably around $ 70 billion. The spectacular stock market surge in recent years has also made Elon Musk one of the richest men on the planet.
What happened those days and why Apple did not even consider the idea is something that we will not know unless they decide to indicate it themselves. On the other hand, you also have to keep in mind that this is Elon Musk’s version only, not knowing the other side of the coin.
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Apple seems to have a different strategy for entering the automotive sector, an idea in which acquiring from another manufacturer is not a priority. The company has indeed acquired related companies in the sector, such as the autonomous driving company Drive.ai. On the other hand, it also has deals with giants like Didi, which in China are the kings of autonomous driving.
Anyway, acquiring large companies and with an already established strategy is not typical of Apple, even less if they are hardware. The case previously occurred with the acquisition of Beats. For the rest, they have always tried to buy small businesses and integrate their products or ideas into their own products. A clear example of the latter is Siri.
Via | Elon Musk
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