Apr 19, 2014 fbook icon twitter icon rss icon
Technology

Apple Reportedly Held Secret Meeting With Tesla Motors

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Apple’s merger and acquisitions chief Adrian Perica and Tesla Motor’s chief executive Elon Musk met last year, suggesting that the iPhone maker may expand its business to electric cars.

Considering Apple has announced plans to better integrate iOS into car dashboard screens and has partnered with Ferrari, it seems likely that the Silicon Valley giant would be interested in Tesla.

The meeting was reported Sunday by The San Francisco Chronicle, which cited an anonymous source. The paper also noted that Apple is interested in medical devices, specifically those that can predict heart attacks.

Apple’s interest in electric cars and medical devices signal that the company wants to expand and take risks beyond the iPad and iPhone, as Wall Street analysts have speculated in the past.

Adnaan Ahmad, an investment bank analyst in Germany, wrote an open letter to Apple CEO Tim Cook in October suggesting that Apple buy Tesla. He argued that the electric car industry could provide long-term revenue growth unlike smartphones and tablets.

“I know this is radical and potentially 'transformative',” Ahmad wrote, “but this would radically alter Apple's growth profile.”

Neither Tesla nor Apple have commented on the alleged merger.

Sources: Market Watch, CNet