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. Motorola Edge 70 Pro Arrives With a 6,500mAh Battery at This Price in India
  2. MeitY Proposes Stricter AI Content Labelling on Online Platforms
  3. Vivo X300 Ultra, Vivo X300 FE Will Launch in India on This Date
  4. Vivo X300 FE Roundup: Expected Price in India, Specifications
  5. OpenAI's ChatGPT Images 2.0 Brings Better Accuracy, Multilingual Text Support
  6. Oppo Find X9s Pro Launched With 200-Megapixel Cameras: See Price, Features
  7. Honor 600 Pro, Honor 600 Finally Debut With 7,000mAh Batteries: See Prices
  1. Elden Ring Film Adaptation Sets 2028 Release Date; Full Cast Revealed as Production Begins
  2. Honor 600 Pro and Honor 600 Launched With 7,000mAh Batteries, 200-Megapixel Cameras: Price, Specifications
  3. Scammers Offer Passage to Ships Stranded Near Strait of Hormuz in Exchange for Crypto: Report
  4. Apple's iOS 27, macOS 27 and iPadOS 27 Updates Will Introduce Stricter Network Security Settings
  5. OpenAI Unveils ChatGPT Images 2.0 With Improved Image Generation, Reasoning Capabilities
  6. Pixel Users Report Severe Battery Drain After Latest Update; Google Working on Resolving Issue
  7. Vivo X300 Ultra, Vivo X300 FE India Launch Date Announced; Colour Options, Key Features Revealed
  8. MeitY Adds Stricter AI-Generated Content Disclosure Rule, Extends IT Rules Feedback Deadline
  9. Cryptocurrency Prices Rise as Accumulation Strengthens Market Sentiment; Bitcoin Nears $78,100
  10. Tesla Model Y L Premium Launched in India With 3-Row Seating, Up to 681km WLTP Range: Price, Features
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.