He said Silicon Valley billionaire (Elon Musk) Elon Musk: It’s communication with the CEO For a company Apple, (Tim Cook) Tim Cook during the darkest days of the Model 3 to discuss the possibility of the iPhone manufacturer acquiring the a company Tesla for a tenth of its current value.
He refused to attend the meeting, said Musk, chief executive of electric car maker Tesla.
Elon Musk’s comments came in response to a Reuters article that Apple is looking to produce its electric car by 2024 using new battery technology.
The electric vehicle manufacturer in 2017 was still bleeding money and had not mass produced the electric vehicle.
Tesla struggled through 2017 and 2018 to ramp up mass production of the Model 3, as Musk told investors at the time that the company was mired in production problems due to automated production systems at the Nevada battery plant.
However, Tesla overcame problems and has since posted a series of quarterly profits, and the electric car maker has become one of the most valuable companies to join the S&P 500 when it became part of the stock index on Monday.
Apple’s automotive effort, known as Project Titan, has gone unevenly since 2014 when it first began designing its own car from scratch.
Central to the company’s automotive strategy is a new battery design that can drastically reduce the cost of batteries and increase the vehicle’s range.
The design of the single-cell battery, which Apple plans to use in its design, is electrochemically impossible because the maximum voltage is so low unless they are bound together, Musk said.
Apple has spent the last half decade trying to enter the world of electric and self-driving cars, and it was thought to be focusing on developing software and other technologies that could be sold to other companies.
Reuters reported that the giant company has refocused on making an electric self-driving car for consumers in general.
And it appears that one of the reasons Apple changed direction again was because it had made possible advances in battery terms.