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Tesla's Elon Musk confirms talks with Apple, says acquisition 'very unlikely' at this time

Tesla CEO Elon Musk. | Source: Bloomberg via Getty Images

Tesla CEO Elon Musk on Wednesday confirmed that he had recently met with Apple and, while not giving away what was discussed, said an acquisition by any company is "very unlikely" in the short term.


Rumors of a possible Apple-Tesla partnership swirled earlier this week when a report claimed Apple's mergers and acquisitions chief Adrian Perica held a secret meeting with Musk last spring.

In a live interview with Bloomberg, Musk revealed that he had indeed talked with Apple, but would not confirm the contact as Perica and refused to say whether the discussions had anything to do with a possible acquisition. Speculation as to what the two companies discussed have ranged from deeper iOS integration to battery technology, the latter being an area in which Tesla excels.

Musk also hinted that Tesla may have been approached by more than one company last year, saying, "If one or more companies had approached us last year about such things, there's no way we could really comment on that."

When asked if he would be willing to sell Tesla, Musk at first seemed staunchly against the idea.

"I think that's very unlikely," Musk said. "When you stay super focused on achieving a compelling...creating a compelling mass-market electric car, I'd be very concerned in any kind acquisition scenario — whoever it is — that we'd become distracted from that task which has always been the driving goal of Tesla."

Pressed further, Musk said he would not rule out acquisition talks if it furthered Tesla's goal to bring affordable compelling electric cars to the masses. However, Musk does not see such discussions happening anytime soon.

"I don't currently see any scenario that would improve that probability," he said. "So that's why I think it's very unlikely."



45 Comments

kent909 15 Years · 730 comments

Maybe they are just looking into a joint venture to develop better batteries. That is something that is relevant to both companies.

suddenly newton 14 Years · 13819 comments

So basically, no new information. Other than Elon Musk saying, "yeah, I talked to Apple about stuff."

buckalec 14 Years · 203 comments

"Mass market" he'll never get their alone. Interesting interview. 

solipsismx 13 Years · 19562 comments

[quote name="buckalec" url="/t/162107/teslas-elon-musk-confirms-talks-with-apple-says-acquisition-very-unlikely-at-this-time#post_2474690"]"Mass market" he'll never get their alone. [COLOR=000000]Interesting interview. [/COLOR] [/quote] In terms of creating a less expensive, electric vehicle for, say, under $30k USD I think Tesla an do it, but if you mean that he can't make electric vehicles appeal to the masses on his own that is true if only because all the other manufactures will be right there, but I think that Tesla and Musk, regardless of what happens, will be seen as the primary force behind what I think is an inevitable future for automobiles.