Apple Reportedly Bid To Buy Tesla Back In 2013

Apple allegedly placed a lucrative bid to buy electric car manufacturer Tesla back in 2013 but the acquisition never came to fruition.

Speaking with CNBC, Roth Capital Partners analyst Craig Irwin revealed that Apple made a bid for Tesla of around $240 a share. While shares in the car manufacturer almost hit $400 a few years after this bid from Apple, they have slumped to $197.76 at the start of trading on Tuesday this week.

“Around 2013, there was a serious bid from Apple at around $240 a share. This is something we did multiple checks on. I have complete confidence that this is accurate,” Irwin said. “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.”

Also Read: Apple Co-Founder Steve Wozniak Says He Doesn’t Believe Anything Tesla Says

This isn’t the first time we’ve heard of a potential tie-up between Apple and Tesla. In 2014, it was reported that Tesla chief executive Elon Musk met with Apple’s head of mergers and acquisitions as well as Apple chief executive Tim Cook. It is claimed that one of the reasons a deal was never secured is that Apple wanted Elon Musk to step away from Tesla, something which he wasn’t prepared to do.

Apple has been very eager to make its presence known in the automotive world for a number of years but plans have yet to materialize. At one stage, it was believed that the technology company was developing its very own electric vehicle but it’s now thought to be powering ahead with plans to only develop autonomous driving systems.

Carscoops has contacted Tesla to see if we can get any more details about the supposed bid from Apple.

more photos...
  • MarketAndChurch

    I probably wouldn’t buy a Tesla if it were owned by Apple.

  • Sovereignty

    Would the brand be any better if Apple had took it over? Nope.

  • Tesla by Apple… fit and finish would probably be better and design maybe good… But it would have the most overpriced electricity at charging stations, overpriced accessories (where money is already made…)… The strengh of Tesla is being still like a Start up, with one man at the helm with a vision (can be bad sure). For the rest, Tesla is working like Apple.

Domino’s To Deliver Pizzas With Driverless Car In Houston

You could have a Domino’s pizza delivered autonomously the next time you get the munchies.

You Could Buy This Ferrari 599 GTB For Just $250 In China

This operating Ferrari 599 GTB is being sold as scrap metal and costs next to nothing.

2019 Ford Edge ST Review: Is It Really Worth The Premium Over The Standard Models?

Add just a few optional extras, and the Edge ST can go over $50k.

Ain’t Nothing Gonna Stop This LS3-Powered, Custom Land Rover Defender

ECD’s Project Neo Defender looks just about ready for the apocalypse with a multitude of upgrades.

Canadian Cop Is In The Right Place At The Right Time

This Honda Civic driver probably won’t be cutting into traffic in the future.

New Limited Edition Bugatti Reportedly Debuting At Pebble Beach

This new Bugatti model could follow on from the Divo and one-off La Voiture Noire.

2020 Mercedes AMG GT R Black Series Wants To Become Porsche’s Worst Nightmare

New variant of the Mercedes AMG GT will become their fastest-accelerating model to date.

BMW Could Develop Stand-Alone M Models

The head of BMW’s M division says he would love to make an M hypercar.

2020 Rezvani Tank Is All-New, Will Have A Supercharged V8 With 1000+ HP

The upcoming Tank Military Edition will feature protection from electromagnetic pulses.

VW ID Batteries To Be Backed By Eight-Year Warranty

VW’s ID batteries powering its future electric vehicles will be covered by a 100,000 mile warranty.