Tesla CEO Elon Musk confirms Apple talks, says deal 'unlikely': Report

Advertisement
By Reuters | Updated: 21 February 2014 11:20 IST
Tesla Motors Inc has had "conversations" with Apple Inc, Chief Executive Elon Musk confirmed to Bloomberg TV on Thursday, responding to speculation that the iPhone and iPad maker had shown interest in the electric car company.

But Musk would not describe those talks, including whether they involved the possibility of an acquisition. He added that it is "very unlikely" that Tesla would be bought by any company.

"We need to stay super focused on creating a compelling mass-market electric car," Musk told Bloomberg TV when asked if he would ever sell the company.

Advertisement

"I'd be very concerned in any kind of acquisition scenario, whoever it is, that we would become distracted from that task, which has always been the driving goal of Tesla," he said.

The San Francisco Chronicle reported this week that Musk met Apple Inc's top dealmaker in 2013. The report helped Tesla shares surge even as some analysts poured cold water on the prospect of a deal.

Advertisement

(Also see: iCar: What the rumoured Apple-Tesla 'hybrid' might look like)

"Our sense is (Tesla) management might not like to be managed," Stifel analyst James Albertine said this week. "We also expect potential suitors may welcome some semblance of share price stabilization before negotiating price."

Advertisement

On Thursday, shares in Tesla rose as much as 11 percent on the Nasdaq to an all-time high of $215.21. The stock was up more than 9 percent at $211.85 in afternoon trading.

This jump came after Tesla reported better-than-expected results after market closed on Wednesday.

Advertisement

© Thomson Reuters 2014

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Apple, Elon Musk, Tesla, Tesla Motors
Advertisement

Related Stories

Popular Mobile Brands
  1. James Webb Space Telescope Detects Most Distant Dormant Black Hole Ever Found
  1. James Webb Space Telescope Detects Most Distant Dormant Black Hole Ever Found
  2. Sahara Meteorite May Be Fragment of a Lost Moon-Sized World, Study Suggests
  3. OpenAI Introduces Smarter ChatGPT Memory, Adds Dreaming Architecture
  4. Tecno Pova 8 India Launch Date Announced; Battery Size, Design, Colour Options Teased
  5. Samsung Reportedly Starts Internal Testing of Android 17-Based One UI 9 for Galaxy S25 Series
  6. Bybit Lists Western Union’s USDPT Stablecoin for Trading and Transfers
  7. Xiaomi Pad 8 Price Hiked in India: Here’s How Much It Costs Now
  8. Instagram Reels Influencing Nearly Half of Purchase Decisions in India, Meta Study Claims
  9. OnePlus Turbo 6X, OnePlus Turbo 6X Pro Colour Options, Price Range, Key Specifications Teased
  10. Sattendru Maarudhu Vaanilai Now Streaming Online: Where to Watch Jai’s Romantic Thriller Movie
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.