Elon Musk says Tesla (TSLA) could soon be worth more than Apple (AAPL), and the company is putting its money behind this position with a $5 to $10 billion share buyback.
Tesla CEO Elon Musk has sent an official offer to buy Twitter and sent it as an ultimatum as he basically threatens to sell his shares if the offer is not accepted.
A new SEC filing revealed that Elon Musk, better known as CEO of Tesla and SpaceX, invested almost $3 billion in Twitter and now owns almost 10% of the social media platform.
Apple announced a massive new energy storage project in California, and we learned that Tesla will supply its Megapack battery systems for the project.
Fisker, Henrik Fisker’s latest electric vehicle startup, wants to build an electric vehicle with Foxconn, a massive Chinese company better known for being an Apple supplier.
Tesla is currently suing a former Autopilot engineer who they claim stole the source code of the autonomous driving system for a Chinese competitor, Xpeng.
Now the former employee has admitted to uploading the Autopilot source code to his iCloud at a suspicious time in his move to Xpeng, but he denies misconduct. Expand Expanding Close
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 allegedly willing to pay. Expand Expanding Close
Tesla is launching new iPhone cases today as part of the launch of its new Amazon store to sell its merchandise and eventually maybe more. Expand Expanding Close
GM’s autonomous driving division, Cruise Automation, announced the launch of the beta version of its autonomous ride-sharing app currently being used by employees in San Francisco, where they operate a fleet of autonomous Chevy Bolt EV test vehicles. Expand Expanding Close
Last year, Apple was rumored to be working on an autonomous all-electric car codenamed ‘Project Titan’. The company later confirmed development work on an autonomous driving platform and CEO Tim Cook even referred to it as “a core technology” for the company, but it showed signs of giving up on developing an actual car.
But now Apple is reportedly working on electric car batteries with China’s biggest battery maker. Expand Expanding Close
They achieved that through a new method to test battery cell longevity and we now learn that Apple also bought the same machines developed through the method. Expand Expanding Close
With some high profile exceptions, it is generally accepted that Apple ships some of the most reliable high-tech products out there – at least if you believe the customer satisfaction reports. Things are far murkier for Tesla in that department, especially at its relatively early age. Expand Expanding Close
After our attempt at explaining the 500% markup on Apple’s new solar array yesterday, further information has now confirmed that Apple’s new stores – starting in the brand new San Francisco location – will be utilizing a new walkable solar glass floor technology for electricity generation. According to a document on Onyx Solar’s website, Apple “has decided to commit itself to OnyxSolar’s designer photovoltaic technology for its new stores. The first of these is located in the heart of San Francisco, the company’s home town.” Expand Expanding Close
The automotive industry is a capital-intensive industry. Fiat Chrysler CEO Sergio Marchionne knows it and that’s why he is open to work with Google or Apple:
“Google can buy every automaker out of petty cash. And Apple — they made a net profit of $24 billion in one quarter. This is nonsense. What are we defending? What?”
Tesla CEO Elon Musk has an affectionate nickname for Apple: The ‘Tesla Graveyard‘. “They have hired people we’ve fired,” Musk said. “We always jokingly call Apple the ‘Tesla Graveyard.’ If you don’t make it at Tesla, you go work at Apple”. He made the comment after being asked about the so-called “poaching war” between the automaker and the consumer electronic giant following the start of Apple’s electric car program: ‘Project Titan‘.
We follow who’s coming and who’s going at Tesla pretty closely at Electrek and it’s clear that the two companies share a lot of former colleagues. Tesla’s senior engineering staff and leadership are full of former Apple directors and VPs, while the Cupertino-based company hired quite a few former Tesla engineers, but rarely any senior leadership… until now.
9to5Mac, in collaboration with our sister-site Electrek, has exclusively confirmed and discovered respectively that Apple hired former Tesla Vice President of Vehicle Engineering and former Aston Martin Chief Engineer, Chirs Porritt, to work on “special projects”, and we know that “special projects” is where Apple’s Titan car project lives.