Tesla CEO Musk said in a tweet that he reached out to Apple during the “darker days” of his company’s Model 3 development to discuss a possible deal. Musk said he plans to discuss the possibility of selling Tesla to Apple for a tenth of its current value, indicating a valuation of around $ 60 billion.
Production of the Model 3 began in 2017, around the same time Apple decided to move from developing a full-fledged Tesla competitor to an underlying self-driving car system. In recent years, Apple has hired a number of former Tesla executives who specialize in drivetrain, car interiors and autonomous driving technology, indicating that the company is considering entering the market again.
An Apple spokesperson did not immediately respond to a request for comment.
Apple stock climbed, while Tesla stock slipped in response to a Reuters report that Apple aims to put a car into production as early as 2024. Apple shares soared 2.9% to $ 131.88 Tuesday.
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