Three years ago Elon Musk wasn’t the second wealthiest person in the world. No, back in 2017 he was the CEO of a struggling company looking for a way to essentially save his business from going under. Tesla was hemorrhaging money, and according to Musk, was just weeks away from collapse, when he came up with an idea he thought had the potential to solve his problems. He was going to see if Apple was interested in acquiring Tesla, and he reached out to Apple CEO Tim Cook to run the idea by him.
The only problem with the plan is Cook essentially ignored him, refusing to take the meeting.
Fast forward to the end of 2020, and Tesla is the most valuable auto maker in the world and worth 900% more than it was back in 2017. So Musk ultimately can be grateful Cook never returned his call.
Look for the two tech giants to be going head-to-head in the very near future, as reports emerged that Apple is going to be producing electric cars by 2024, instantly becoming Tesla’s biggest competitor.
The Apple news caused shock waves on Wall Street, as Tesla’s stock price dipped and Apple saw their market cap grow over $100 billion in a single day.
They could have been partners, now Tim Cook and Elon Musk are on a collision course to be very, very intense rivals.
During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting.
— Elon Musk (@elonmusk) December 22, 2020