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Apple snubbed proposal to buy Tesla years back, Elon Musk says

iPhone maker reportedly hard at work on its own electric vehicle

Tesla CEO Elon Musk, left, and Apple CEO Tim Cook: Apple is reportedly designing its own electric vehicle with a "breakthrough" monocell design that Musk calls "electrochemically impossible."   © Reuters

PALO ALTO, U.S. -- Apple once refused to meet with Tesla to potentially acquire the electric-vehicle company, Tesla CEO Elon Musk said Tuesday.

"During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value)," Musk tweeted in reference to the Apple CEO. "He refused to take the meeting."

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