1 Updates
Tesla CEO says Apple is Unlikely to Purchase the Car Maker
Photo Credit: Getty Images

Tesla CEO says Apple is Unlikely to Purchase the Car Maker

Feb 21 2014, 11:40am CST | by

Elon Musk, the Tesla CEO, wipes away the possibility of Apple acquiring the car maker, as he doesn’t see any “scenario” behind it

After much speculation about Apple’s potential acquisition of Tesla, the CEO of the car manufacturer has revealed that there was indeed a conversation about the plan with the tech giant. But the...

Filed under: news

Full Story below YouTube Videos

 
 

 

8 weeks ago

Tesla CEO says Apple is Unlikely to Purchase the Car Maker

Feb 21 2014, 11:40am CST | by

Tesla CEO says Apple is Unlikely to Purchase the Car Maker Apple is probably not going to buy Tesla

Elon Musk, the Tesla CEO, wipes away the possibility of Apple acquiring the car maker, as he doesn’t see any “scenario” behind it

After much speculation about Apple’s potential acquisition of Tesla, the CEO of the car manufacturer has revealed that there was indeed a conversation about the plan with the tech giant. But the purchase is unlikely to happen.

In an interview with Bloomberg Television on Wednesday, Elon Musk, the CEO of Tesla, informs about the alleged meeting. He said, “If one or more companies had approached us last year about such things there’s no way we could really comment on that. We had conversations with Apple, I can’t comment on whether those revolved around any kind of acquisition.”

However, in case of the possibility of Apple acquiring Tesla, Musk stated that it is unlikely to happen, as the car manufacturer is highly concentrated on constructing electric car, which is its ultimate goal. According to Mac Rumors, he said, “If there was a scenario where it seemed like it would be more likely that we would be able to create the mass market sort of affordable, compelling car then possibly it would sense to entertain those discussions. I don’t currently see any scenario that would improve that probability, so that’s why I think it’s very unlikely.”

The rumor of Apple possibly purchasing Tesla began to buzz throughout the internet when San Francisco Chronicle had earlier stated that the Tesla CEO had met with Adrian Percia, the head of acquisition of the tech giant. However, most of the report rejected the rumor, stating that the officials of the two companies might have talked about their other endeavors, including Apple’s mobile device integration in Tesla’s electric car and a possible deal related to the battery.

 

 

 

Don't miss ...

 


Ehsanul Haque Kanan is covering consumer electronics with passion. He is especially an avid follower of all things Apple.

 

blog comments powered by Disqus

Latest stories

2014 Lexus GX 460 Test Drive And Review: The Refined Off-Roader
2014 Lexus GX 460 My absolute favorite vehicle segment is the mid-sized SUV. I like mine with a robust body structure (usually body-on-frame), good ground clearance and straightforward technology for all terrains....
 
 
Apple Loop: Lowered Guidance, More Cheap iPhones, Yahoo Searching For A Dream, And Hearthstone Arrives.
Projecting Apple’s Guidance, watching the iPhone 5C 8GB take over the world, Does Yahoo Dream Of Electric Search, the size of the wearable economy, revenues and volume in the app stores, will Hearthstone replace Candy...
 
 
iOS 6 Users Facing Problems with FaceTime
iOS 6 Users Facing Problems with FaceTime
The iOS 6 users cannot place or receive calls using FaceTime
 
 
Apple Offering Redesigned iPad Mini with Retina Display at 15% Discount
Apple Offering Redesigned iPad Mini with Retina Display at 15% Discount
Apple is selling the renovated iPad Mini with Retina display at a starting price of $339
 
 
 

Latest from the Network

The New Role Of Leaders
When Alfred Sloan created the modern corporation at General Motors, he based it on the military.  The company was split into divisions, each with its own leadership.  Information flowed up, orders went down and your...
Read more on Auto Balla
 
Marisa Tomei is too old to play Lady Gaga?
Marisa Tomei thinks she's too old to play Lady Gaga in a movie. The 'The Wrestler' actress was flattered to hear the 'Applause' hitmaker would like her to play the 28-year-old singer if there is ever a film made about...
Read more on Celebrity Balla
 
Hawkeye Technology Improves Time Clock Reporting and Payroll Integration in TimeClick LE 12
Logan, UT, April 18, 2014 --(PR.com)-- Hawkeye Technology, creator of TimeClick, a leading employee time clock software, announces the release of TimeClick version LE 12. This new version offers powerful new reporting...
Read more on Business Balla
 
Airbnb Cofounders Are Billionaires As Share Economy Leader Closes $450 Million Round At $10 Billion Valuation
It took a month, but Airbnb’s founders are confirmed as the share economy’s first billionaires, at least on paper. That’s because the home-sharing site has closed its new fundraising round, raising $450 million at a $10...
Read more on Business Balla
 
`Taxpayers Rely On IRS Guidance At Their Own Peril,' Tax Judge Rules
Before filing your 2013 tax return, did you  consult an Internal Revenue Service publication for clarification of some confusing point? That’s living dangerously. Or so a U.S.  Tax Court Judge declared this week. “...
Read more on Business Balla
 
Predicting The Most Expensive Games Of The 2014 NFL Schedule
Even at the times of little news during the offseason, the NFL keeps fans in anticipation of what might come next. With less than a month until the NFL Draft, the release of the 2014 NFL schedule is expected sooner. For...
Read more on Business Balla
 
How The Wealthiest Families Make And Lose Their Money -- Part 5
In this series of articles on wealth creation and maintenance, we have hit on a few key findings of researchers and practitioners.  The vast majority of family wealth stems from business ownership and not inheritance. ...
Read more on Business Balla
 
Can High-Speed Internet Spark Better-Paying Jobs?
Many of us look at high-speed internet as a way to enjoy pleasures like clearer HDTV and speedier Wi-Fi. But as lightening-fast service gets rolled out in new markets, it could also pave the way to innovation–and new...
Read more on Business Balla
 
For NHL and NBA Playoffs, Parking, Like Tickets, Also Have A Premium
When the Nets and Raptors tip off tomorrow afternoon, the NBA playoffs will be underway.  Along with the NHL playoffs, many think the next two months are the most exciting in all of sports. Over the course of the next...
Read more on Business Balla
 
The Week Ahead: A Spring Breakout for the Economy?
Just a week ago the stock market was looking quite vulnerable as most of the major averages closed near their lows last Friday, April 11. There were signs of heavy selling, so I concluded last week that “On a short-term...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla