Tesla not 'a realistic acquisition target' for Apple, says analyst"Apple doesn't need to acquire Tesla in order to meet its goals"
What you need to know
Apple analyst Neil Cybart has said Elon Musk's offer to sell Tesla to Apple probably came last year.
Cybart, however, says a deal was probably never on the cards.
Apple analyst Neil Cybart says that Elon Musk probably offered to sell Tesla to Apple last year, but that a deal has never been on the cards.
Yesterday, Musk tweeted to say he had offered to sell Tesla to Apple "during the darkest days of the Model 3 program" for 1/10 of its current value, however, Tim Cook refused to take the meeting. The news comes amidst rising reports Apple will make its own foray into the electric vehicle market as early as 2024.
Analyst Neil Cybart has responded to Musk's claim, noting this was likely sometime last year, but that a deal probably wasn't possible:
Some context: The Model 3 program's darkest days were last year. One year earlier in 2018, Apple had hired Doug Field, Tesla's top engineer not name...
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Tesla not 'a realistic acquisition target' for Apple, says analyst
