Amid buyout rumors, Apple's acquisition chief met with Tesla CEO
Apple\'s acquisitions chief reportedly met with Tesla\'s CEO last year amid buyout rumors.
Apple's acquisitions chief, Adrian Perica, reportedly met with Tesla Motors CEO Elon Musk in Cupertino last year, unnamed sources have told the San Francisco Chronicle.
The claim corroborates rumors that have placed Tesla on Apple's list of potential acquisition targets. The computer company has continued to intensify its buyout efforts, with a dozen additions in the past year, though all of the confirmed purchases have been related to its existing product categories.
German investment analyst Adnaan Ahmad late last year penned an open letter to Apple CEO Tim Cook, asking the company to consider acquiring Tesla. The analyst argued that a partnership with Elon Musk would be potentially "transformative" and help to "lead Apple's innovation drive."
The latest report suggests Perica, and likely Cook, had already met with Musk months before Ahmad sent his letter, though details of the executives' discussions have yet to surface.
Tesla's stock price has jumped five-fold since the alleged buyout talks, reaching an all-time high of $202 per share late last week. With a market cap approaching $25 billion, some analysts argue that Tesla is currently overpriced and consequently an unlikely acquisition choice for frugal Apple.
Separate rumors circulating late last year pointed to another potential buyer for the electric-car startup: General Motors.