‘Apple Should Have Bought Tesla’ Says High-Profile Money Manager

Cathie Wood, a high-profile money manager at Ark Invest, said “Apple should have bought Tesla” when they had an opportunity to do so. “However, she added “we’re happy they didn’t.”

Investor is ‘Happy’ Apple Didn’t But Tesla

Speaking to CNBC, Ms. Wood, a longtime Tesla bull, said:

We’ve been watching Apple very carefully for years now. Because what is an autonomous vehicle? It’s the ultimate mobile device. This should have been Apple’s market.

Discussing the numbers management changes in Apple’s electric vehicle team, Ms. Wood said:

With all the management turnover, we’d be surprised if they’re [Apple] able to pull it off that quickly.

Tesla CEO Elon Musk has previously said that he offered to meet with Apple CEO Tim Cook about a deal, but claimed that Mr. Cook declined the meeting.

[Elon Musk Denies Asking Tim Cook to Make Him Apple CEO]

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geoduck

Everyone has 20/20 hindsight. At the time Tesla was hemorrhaging money. Many didn’t think it would last the year. Their cars had significant quality problems. By all logic nobody thought buying them was a good idea.

Of course if we could turn back time it would have been a deal. But if we could turn back time I would go back and buy AAPL at $12 too.

W. Abdullah Brooks, MD

Charlotte: On the proposition that ‘Apple should have bought Tesla’, let’s see: Apple and Tesla differ on the power system (Tesla using Li+ battery packs, Apple invents lithium iron phosphate or LFP unicellular battery – with patent pending – a first for the industry) https://www.reuters.com/article/us-apple-autos-exclusive/exclusive-apple-targets-car-production-by-2024-and-eyes-next-level-battery-technology-sources-idUSKBN28V2PY  Apple and Tesla differ on the power train. Tesla goes with extant technology, Apple and new technology that improves the energy efficiency and regulates power transfer – patent pending https://www.patentlyapple.com/patently-apple/2018/10/apple-invents-a-battery-system-designed-to-keep-electric-or-hybrid-vehicle-creature-comforts-working-at-all-times.html  Apple and Tesla differ on the vision for the autopilot system and how the autopilot ‘sees’ the environment, with Tesla going with extant camera systems… Read more »

Lee Dronick

Tesla CEO Elon Musk has previously said that he offered to meet with Apple CEO Tim Cook about a deal, but claimed that Mr. Cook declined the meeting.”

Good decision Tim