Printed from http://www.electronista.com

Apple considered buying Tesla in 2013, report hints

updated 10:41 am EST, Mon February 17, 2014

Newspaper also suggests iWatch might be able to predict heart attacks

Apple was at one point considering buying electric auto maker Tesla, a report from the San Francisco Chronicle suggests. The paper cites a source who says that in April of 2013, Tesla CEO Elon Musk met with Apple's head of acquisitions -- Adrian Perica -- at the company's Cupertino headquarters. It's speculated that he might also have met with Apple CEO Tim Cook, a strong possibility given Musk's importance, especially if the two companies were exploring a buyout.

An alternative is that Apple was simply investigating a deal to integrate iOS support into Tesla vehicles, although the direct involvement of Musk and Perica may cast doubt on that idea. Tesla's cars use oversized touchscreens in place of normal dash controls, which might make them both a natural target and a challenge for iOS in the Car support. It's unknown if the two companies have forged any sort of deal.

Elsewhere in the report, the Chronicle says that with the help of THX creator Tomlinson Holman -- who joined Apple in 2011 -- the company has been exploring ways of predicting heart attacks through noise "turbulence" in blood flow. Blood flowing through congested arteries makes a different sound, and Apple is said to be interested in developing sensors and software that can pick this up. The technology would presumably be integrated into the iWatch, which is expected to monitor a range of health and fitness statistics.



By Electronista Staff
toggle

Comments

  1. iphonerulez

    Dedicated MacNNer

    Joined: 11-28-08

    I sure wish Apple had jumped on that deal. Tesla vehicles are really awesome. I would think that would have been a match made in heaven.

  1. xomniron

    Fresh-Faced Recruit

    Joined: 10-17-13

    Year over year, Tesla Motors, Inc. has seen their bottom line shrink from a loss of $254.4M USD to an even larger loss of $396.2M USD despite an increase in revenues from $204.2M USD to $413.3M USD. An increase in the percentage of sales devoted to cost of goods sold from 69.84% to 92.72% was a key component in the falling bottom line in the face of rising revenues. (see http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=TSLA)


    If anyone could have made Tesla profitable, Apple would've been the one to give it a good effort. But, as creative as Apple is, I think the company would've burned through a significant amount of cash reserves trying to put Tesla on stable footing in a very small, although slowly growing market. The economics of owning a high-end electric car like Tesla are still questionable at present. Without Federal money on startup and tax incentives for buyers, the numbers look dismal. If Tesla was forced to compete on a level playing field with other automobile manufacturers, especially in the high-end price points, it wouldn't survive.


    I think Apple was smart to pass on this.

  1. coffeetime

    Mac Enthusiast

    Joined: 11-15-06

    Tesla are the coolest looking electric vehicles out there in this planet comparing to the rest which are just b-u-t-t ugly. Why can't all other electric / hybrid cars looking a bit more attractive? They are so geeky looking. Tesla rules. Love their 17" touch pad dashboard.... it's so very next generation.

  1. DiabloConQueso

    Fresh-Faced Recruit

    Joined: 06-11-08

    Other electric/hybrid cars don't cost $70,000 to $100,000 or more. It's a luxury/sport car. The Chevy Volt and Toyota Prius are not luxury cars nor sports cars.

    It's for the same reason a Ford Fiesta doesn't look anything remotely like a Jaguar.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Tablo DVR

With over-the-top content options growing past Hulu and Netflix, consumers may be finding it harder to justify paying a monthly fee fo ...

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Sponsor

toggle

Most Commented

 
toggle

Popular News