Saturday, July 31, 2021
Home TecNews Cook refused to meet with Musk to discuss selling of Tesla, Musk...

Cook refused to meet with Musk to discuss selling of Tesla, Musk says, for 1/10th of value

Elon Musk, second richest man in the world tweeted today saying Apple’s Tim Cooked refused to meet with him to talk about selling Tesla to Apple for 1/10th of the current price.

There are rumors that Apple is aggressively working on Project Titan — Apple Car project, and might release it’s cars by 2024. Tesla’s stock price is currently $640 and it’s market cap is about $600 billion. It seems Musk was willing to sell it for $64. There was this infamous tweet about $420. On August 7, 2018, Musk tweeted: “Am considering taking Tesla private at $420. Funding secured.” That was before the recent stock split of 1:4 and the current equivalent of $60. This tweet got Musk into trouble with the SEC.

It was speculated that Saudi’s were willing to buy Tesla for $60 ($420) at that time. Now we can safely assume that Musk wask aggressively working to sell the Tesla for that price around 2018 Q3. Glad it didn’t work out, otherwise he wouldn’t be the second richest man in the world.


Please enter your comment!
Please enter your name here

Most Popular

Notable Earnings Next Week

This week, there were flurry of notable earninngs including, AAPL, MSFT, GOOGL, FB, AMZN, etc. Pretty much every major corporations beating expectations on both...

Market Wrap – July 29

Economic Data: U.S. Q2 GDP accelerated to 6.5% lower than expected 8.4%, but better than pre-pandemic level and investors seemed to have shrugged off...

July 29 PreMarket

Futures Now (8AM): ES +6.25, DOW +130, NQ -10, ES +6.25, 10-year Treasury yield was at 1.26%, oil up +0.4, gold is up 1.5%...

Recent Comments