I can only imagine how much an Apple iCar will cost.
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Elon Musk Claims He Once Reached Out to Tim Cook About Tesla Purchase But Was Refused Meeting
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Considering the increased competition of electric cars from various manufacturers, Tesla might end up not having the lions share of the marketplace for electric vehicles.
For real?
I mean - you don’t seem to be very informed about the electric car world because despite of the inferior range from a technical point of view the Porsche Taycan beats Tesla all the way.
Yes, Model S PLAID is performing better on the first sprint, but if you’re talking sustained power it’s Taycan hands down.
I’m currently driving an ID.3 which - shame on Volkswagen - won’t hit American market. It’s a good first shot. Get to know the ID.4. This car will give Model Y a real hard time (apart from performance bragging) as craftsmanship and build quality simply are on another level.
funny how you immediately go straight to focusing on the stock price.
the electric vehicle credits will go away when the other auto companies go bankrupt because they can't figure out how to build an EV in time. even if they do, then there's the charging infrastructure. EVEN if they figure both of those out, they don't know how to sell a car without having a huge traditional marketing budget which Tesla spends $0 on, so how are they going to beat Tesla on price given the feature set? and if they somehow figure out all of those 3, then Tesla's full self driving software will be running live which will take car companies another 4-5 years to figure out. they can't even get over the air updates working so customers have to bring in their car to the local dealership to update the firmware. hilarious.
also, legacy car manufacturers typically make their profits for some of their cars by selling at a loss in hopes of making it back through maintenance, parts, and service. Tesla on the other hand is building a robotaxi fleet which means it's in their best interest to make these cars with minimal maintenance which benefits the users.
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The reason this rumour seems “strange if true”, is that it is not true. That Elon Musk spends any amount of time on commenting, shows why people like Tim Cook doesn’t pick up the phone when he is calling. Waste of time.
Just as I don't believe Apple will make a car, I don't believe Musk saying he wanted to sell Tesla - he may have wanted an infusion of cash, which if I remember correctly, he got from other places.
I would be shocked, shocked if Apple builds a vehicle of any kind. What I would not be shocked about is if Apple creates different systems for cars, and sells them to companies, or licenses the designs.
Its like the Apple TV model. After years of making versions of the set top box, they offered the IP to add to other smart TVs. For years, we got rumors of an Apple TV monitor, but it never happened, because Apple did not want to be in that realm (having to rely on vendors for the most expensive part, the panel).
Where is Apple going to build a vehicle? They going to buy a factory, and where? They going to subcontract this to Foxconn, and where would that be built? Unlike the Buick midsize SUV, built in China but no one really knows that, this vehicle will have a country of origin everyone knows about, and unlike my iPhone, people will care.
There is no infrastructure for this thing. They will create battery designs, auto drive systems, and that will be licensed to firms which are still burgeoning on electric vehicles.
I would be shocked, shocked if Apple builds a vehicle of any kind. What I would not be shocked about is if Apple creates different systems for cars, and sells them to companies, or licenses the designs.
Its like the Apple TV model. After years of making versions of the set top box, they offered the IP to add to other smart TVs. For years, we got rumors of an Apple TV monitor, but it never happened, because Apple did not want to be in that realm (having to rely on vendors for the most expensive part, the panel).
Where is Apple going to build a vehicle? They going to buy a factory, and where? They going to subcontract this to Foxconn, and where would that be built? Unlike the Buick midsize SUV, built in China but no one really knows that, this vehicle will have a country of origin everyone knows about, and unlike my iPhone, people will care.
There is no infrastructure for this thing. They will create battery designs, auto drive systems, and that will be licensed to firms which are still burgeoning on electric vehicles.
Really? How many Apple Cars are there on the road right now? Must have missed them.
...and they would have 100x the quality they have now.
I think Apple not purchasing Tesla will go down as one of the biggest mistakes in Apple's history. Their permanent magnet synchronous reluctance motor design is still unmatched by both performance and efficiency. And once the 4680 battery packs are in mass production, they'll be years ahead in battery tech too. This is all not accounting how far ahead they are in software, which I'd be willing to bet why Apple didn't purchase them, they probably felt they can do it better but they didn't expect Tesla software to get as good as it is.
competition has been coming since 2013 https://www.wsj.com/articles/SB10001424052702303653004579210053345661982
sorry, but if you look at the "current" competition, they haven't been doing so well.
Jaguar dealers are offering whopping $20,000 discounts on the I-Pace EV
The official starting price for the 394-horsepower, all-electric luxury Jaguar I-Pace is just under $70,000. But dealers across the country...
electrek.co
Consumer Reports Pulled Recommendation of Porsche Taycan, Other EVs Over Electric 'Growing Pains'
The Kia Niro EV and Audi E-Tron also had their "Recommended" tag rescinded over reliability issues from automakers figuring out the whole EV thing.
www.thedrive.com
I hope you realize your post is contradicting of itself? You're doing nothing but agreeing with what I posted. 🙄
Cook: "This is not the direction we see Apple going..." Apple doesn’t follow mainstream thinking. Companies follow Apple. If Tesla have gone down a certain direction, Apple would be thinking "How is Telsa improving people’s lives?"
I think this year, Apple have done extremely well with their supply chain. Sure it took 6 weeks fir me to get my HomePod Mini, but I got the big ones (M1 & iPhone 12 Pro) within a week.
I think this year, Apple have done extremely well with their supply chain. Sure it took 6 weeks fir me to get my HomePod Mini, but I got the big ones (M1 & iPhone 12 Pro) within a week.
Does Apple need to do a blockbuster acquisition to find success? Beats and P.A. Semi seem to be bigger finds for the company than grabbing a company at its height.
Indeed there is something very weird about how finance pubs are covering an Apple car. The pieces don't add up.
You are underestimating China.
And there are plenty of hilarious stories about Tesla failing in just being a functional car, such as opening the doors or being able to replace a windshield. So that comment is in itself, well, hilarious.
I see Tesla as the Myspace of electric cars. They look like they own the world, but in 10 years we will all be like “remember that crazy Elon guy that used to make cars?”
It's a blunder because if you could go back in time, knowing what we know now, Tim would surely do things differently.
And at the very least take the meeting.
If you believe two major things:
1) In Tesla’s insane current valuation
2) That this even happened bc Musk was also “funding secured” at $420/share pre split.
If Musk was going to sell at $420/share, even he didn’t believe his company was worth more than $100B
Competition is always good for the consumer but this sounds very expensive either way. In any event, I want my apple Logo on hood to light up. <s>
I’d love to see the look on his face when Apple releases this groundbreaking tech.
“One person who spoke to Reuters described Apple's battery technology as "next level" and said that it's similar to "the first time you saw the iPhone."
He conveniently neglects to mention that Apple tried to buy Tesla 5 years earlier and Tesla wasn’t interested, so Apple started working on their own car. Musk expected them to abandon their R&D and come to Tesla’s rescue 5 years later.
Musk can be such a d*k at times. Seems to me he’s now worried about what Apple might produce.
Musk can be such a d*k at times. Seems to me he’s now worried about what Apple might produce.
No, Apple doesn't NEED Tesla. But the point of buying an established company in an industry that you want to enter is to get into the market faster. You pay a premium to move more quickly. Let's say the rumor is true and Apple starts making a small amount of cars in 2024, it will take them many years to ramp up production to get to a meaningful amount (to move the needle on Apple's overall revenue.) Maybe as long as 2030.
Had Apple purchased Tesla, and Tesla continues to grow production at a 50% rate (as they have historically), Apple would have a meaningful revenue number as early as 2023.
Tim Cook has been a fantastic CEO and run Apple incredibly well. I think Apple's leadership team is the best, most consistent, and most stable in the entire world. However, I think it was a mistake for Apple to not purchase a content company sooner (they almost definitely will have to soon, maybe MGM) and also an electric car company such as Tesla.
I doubt even Musk knows the real reason behind it !
Ask yourself, why has Apple, under Tim Cook, made ZERO major acquisitions ?
Very simply, because Cook fears he would lose his job to a stronger personality with rare, true Market Insight !
And he is right to have that fear !
Tim's main skill is Operations Efficiency.
Regardless, AAPL should have at least Partnered with Tesla & taken a 20% OR so stake in the company, at that time !
Ask yourself, why has Apple, under Tim Cook, made ZERO major acquisitions ?
Very simply, because Cook fears he would lose his job to a stronger personality with rare, true Market Insight !
And he is right to have that fear !
Tim's main skill is Operations Efficiency.
Regardless, AAPL should have at least Partnered with Tesla & taken a 20% OR so stake in the company, at that time !
Elon Musk is way too erratic for Apple’s corporate culture. He would have become a liability very quickly, whether they had held onto him or shown him the door.