Apple CEO did not meet about the purchase of Tesla

Elon Musk, chief executive of Tesla, said he once considered selling the electric car maker to Apple, but the iPhone maker’s CEO rejected the meeting.

In a tweet Tuesday, Musk said he contacted Apple CEO Tim Cook “to discuss Apple’s ability to acquire Tesla (for a tenth of our current value). He refused to take the meeting. “

Tesla’s market value is $ 616 billion since Tuesday’s close. One-tenth of that is $ 61.6 billion.

Musk said he was looking to meet Cook “in the darkest days of the Model 3 program,” a reference to Tesla’s first mass-market electric car. In 2018, Tesla was striving to meet its vehicle production targets and make a profit.

Tesla’s fortune has changed since then. Finally, the carmaker makes money consistently after years of losses and continues to reach milestones for the deliveries of its vehicles. Its shares rose 665% this year alone, making it the world’s most valuable automaker and one of the top 10 U.S. companies in the S&P 500, which Tesla entered on Monday.

Musk’s tweet followed published reports suggesting that Apple was working on developing its own electric cars.

Apple declined to comment.