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Apple tried to buy Tesla for more than it's currently worth a few years ago, report says


Added 05-21-19 11:31:01am EST - “Apple reportedly offered to buy Tesla at around $240 per share back in 2013. The bid from six years ago is now being reported as Tesla's share price has dipped under the price Apple was alleg?” - Electrek.co

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Posted By TheNewsCommenter: From Electrek.co: “Apple tried to buy Tesla for more than it’s currently worth a few years ago, report says”. Below is an excerpt from the article.

Today, Craig Irwin, senior research analyst at Roth Capital Partners, went on CNBC and talked about the bid:

“This is something we did multiple checks on. I have complete confidence that this is accurate. Apple bid for Tesla. I don’t know if it got to a formal paperwork stage, but I know from multiple different sources that this was very credible.”

Irwin argues that Apple could still have interest in purchasing Tesla – especially since Tesla’s valuation has taken a major hit over the past months.

He says that Apple’s Project Titan, which is developing an autonomous electric vehicle, is still ongoing and the tech giant could be interested in using some of Tesla’s EV expertise.

The Cupertino company has already been relying heavily on Tesla’s expertise through poaching. Several senior Tesla engineers and executives have moved to Apple in recent years, most recently Apple hired Tesla’s head of electric powertrains.

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