Elon Musk, founding father of the house firm SpaceX and the CEO of Tesla, mentioned that Apple Inc. CEO Tim Cook had refused to meet him.
Elon Musk has taken to Twitter to reveal that “during the darkest days of the Model 3 programme,” he supplied Apple CEO Tim Cook to focus on the acquisition of Tesla.
Cook, nonetheless, refused to meet him.
Musk had beforehand spilled that Tesla was “single-digit weeks” away from collapse in 2017.
After beginning manufacturing of the Model 3 in 2017, Tesla was struggling to sustain with manufacturing volumes amid a excessive variety of orders. In April 2018, its capitalisation fell by 1 / 4, and the corporate had to take emergency measures to rectify the scenario.
Subsequently, Tesla has repeatedly reported losses, however continued to confidently improve automotive manufacturing. For the primary time, the corporate entered web revenue solely on the finish of the second quarter of 2018, however these figures remained insignificant due to investments in manufacturing amenities.
The information concerning the botched enterprise assembly between Musk and Cook has been met with all kinds of social media reactions from Tesla and Apple followers.
Musk shared this data amid the reviews that Apple intends to launch a self-driving passenger automotive in 2024. According to the media, Apple is now specializing in creating a battery of its personal design, which is a big single-cell battery.
Meanwhile, shares of Tesla ended 6.5 % decrease in its S&P 500 debut, amid information of potential competitors from Apple.