In a tweet, Elson Musk confirmed that through the troubled growth course of for Tesla’s Mannequin 3, he tried to get a gathering with Tim Prepare dinner. His purpose was apparently to speak about Apple buying the corporate for what Musk suggests would have been $60 billion.
We’ll put aside the truth that contemplating the corporate’s present market worth is simply over $600 billion, that looks like fairly a cut price. As we speak, Tesla is value greater than the following 9 largest automakers–combined.
In the course of the darkest days of the Mannequin Three program, I reached out to Tim Prepare dinner to debate the potential for Apple buying Tesla (for 1/10 of our present worth). He refused to take the assembly.
— Elon Musk (@elonmusk) December 22, 2020
The Mannequin Three was fraught with manufacturing delays and issues. Musk beforehand instructed buyers that constructing the less-expensive mode was “essentially the most troublesome logistics drawback I’ve ever seen, and I’ve seen some powerful ones.” Simply final month, Musk urged it virtually bankrupted the corporate.
There are actually two placing issues about this revelation.
The primary is that Musk critically thought-about giving up management of an organization to which he’s inextricably linked. It says lots in regards to the firm’s state of affairs on the time that Musk was actively exploring a strategy to promote the corporate, presumably to faucet into Apple’s terribly deep pockets and manufacturing prowess.
The second is that Apple’s CEO wasn’t even focused on taking the assembly. That is truly not that stunning when you consider it.
The Mannequin Three manufacturing issues had been doubtless already public on the time that Musk was reaching out to Prepare dinner. The latter is thought for being a grasp at operations, and the luggage that will have come from cleansing up Tesla’s points would not precisely sound all that interesting at any value. Particularly if the corporate was struggling as a lot as Musk has stated it was.
As well as, other than Apple’s 2014 acquisition of Beats, the corporate hasn’t precisely been identified for making massive flashy acquisitions. Tesla is a product and model to itself. Whereas Beats nonetheless technically exists as a model, it seems to principally have turn out to be a side-project to the corporate’s different audio-related merchandise. That wasn’t going to occur with Tesla, which employs roughly 50,000 individuals.
Plus, there is a cheap likelihood that Apple merely wasn’t up for the headache that will little question come from associating itself with Musk. The corporate is infamous for avoiding the kind of drama that Tesla’s founder appears to thrive on.
Most likely the brashest factor Tim Prepare dinner has ever stated publicly is to name out Fb over privateness final week. Even then, he was remarkably reserved contemplating the social media large had simply taken out back-to-back full-page advertisements in three of the biggest newspapers within the U.S.
Musk, however, has a extra unfiltered strategy to social media. On a couple of event that has brought on complications together with being sued by the SEC. It might be arduous to think about that he’d change simply because Tesla’s new homeowners favor a extra buttoned-up strategy to public statements.
Apple did not reply to a request for remark.