Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

Elon Musk claims Tim Cook refused to meet with him to discuss buying Tesla

Elon Musk claims Tim Cook refused to meet with him to discuss buying Tesla

Tesla CEO Elon Musk said on Twitter on Tuesday that he attempted to sell the company "during the darkest days of the Model 3 program," but that Apple CEO Tim Cook "refused to take the meeting."

Apple did not immediately respond to a request for comment Musk made the claim in response to a post about a Reuters report published Monday. Apple is planning to introduce a mass-market automobile that will make use of new battery technology, according to the Reuters report, which cites anonymous sources.

"I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value)," Musk said in a tweet. "He refused to take the meeting."


Musk said on Twitter the Reuters report was "strange, if true" and added in a second tweet that he approached Cook about a possible sale during the early days of Tesla's Model 3 program, the mid-market sedan that hit the market in 2017.

The Model 3 suffered months of manufacturing difficulties and other issues, including cars being assembled in a tent next to Tesla's Fremont, California factory for a brief period of time. The Model 3 is now the best-selling luxury car in America, fueling Tesla's rise to the most valuable automaker in the world.

In August of 2018, Musk claimed on Twitter that he was considering "taking Tesla private" with "funding secured." That tweet turned out to not be true, and after an investigation by the Securities and Exchange Commission, Musk agreed to a settlement that included a provision that he would have tweets concerning "any information about Tesla's financial condition" or "potential or proposed mergers" reviewed by an "experienced securities lawyer."

It is unclear if an experienced securities lawyer reviewed Musk's Tuesday tweets.

Breaking into the automobile market is a notoriously difficult endeavor. Musk has said that Tesla was nearly bankrupt at several points throughout its 17-year-history. The company only posted its first annual profit last year.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×