For years, analysts have argued that Apple needs to move past the iPhone and look for additional revenue streams. Therefore, many analysts over the years have suggested that Apple would be well advised to take an acquisition and look up a company like Netflix or Tesla.
It turns out that Apple actually made an effort to acquire Tesla six years ago on a $ 240 per share valuation. By the way, the Tesla share price has reeling lately and is currently floating in the $ 200 series. Words of Apple's efforts to acquire Tesla were discovered by analyst Craig Irwin of Roth Capital Partners, who revealed the interesting angle of CNBC (via Electrek ) earlier today.
"This is something we did several checks on," added Irwin. "I have complete confidence that this is correct. Apple bid for Tesla. I don't know if it comes to a formal paperwork stage, but I know from several different sources that this was very credible."
It has been particularly rumblings through the years of Apple's interest in Tesla, but this is For the first time, we have seen a report that Apple was lawfully trying to make a serious game for the electric car manufacturer.
You can also recall reports from a few years back that showed that Elon Musk, once in mid-2013 – sat down for a meeting with Apple's mergers and acquisition manager Adrian Perica, and the rumor has it, Tim Cook himself.
Of course, Apple has been concerned with working on its own car initiative, known as Project Titan, in recent years, although it is still to be seen whether something concrete is coming from the effort. Early reports suggested that Apple was designing and building its own car, although a host of technical challenges resulted in a few rounds of layoffs and employees were relocated to other projects. Last time we heard, Apple's Titan project is still in progress, but is now focused on autonomous systems as opposed to designing a car from scratch.
Interesting and somewhat uncharacteristic, Tim Cook confirmed this during an interview a few years ago. "We're focusing on autonomous systems," Cook said in 2017. "It's a core technology we see as very important."
Finally, with Morgan Stanley recently noted that Tesla shares may drop to $ 10 / share in the worst-case scenario, it would be interesting to see if Apple could enter and retrieve the company with a big discount.