According to the reports, some of the shareholders are pressurizing Apple Inc.’s CEO Tim Cook to acquire Tesla Motors, the company responsible for immense development in electric cars. Tesla Motors is considered to be one of the major players in the electric car industry. The rumors sparked after the news came in that Apple Inc. is also secretly working on an electric car project.
The year 2014 has been a great year for Apple Inc. and it is primarily because of the two devices launched during the year. iPhone 6 and iPhone 6 Plus has reached unexpected heights with record breaking sales figures. Interestingly, Apple Inc. was the company that was struggling to keep up with the expectations and market pressure during the later part of 2013, but the iPhone makers showed their mettle in 2014. Undoubtedly, Tim Cook has had a huge role to play in this and his popularity among the shareholders is a proof of it.
The company has experienced a 65% improvement in the share prices during the year. With the market value of $700 billion, Apple Inc. became the most valuable company in the history of the United States. The record breaking sales figure of 200 million devices allowed the company to gain of $200 billion in revenue, kick-starting the joy ride. Apple Inc. is also due a new wearable, which will change the way people use the internet as stated. But the current rumors go beyond smartphones or smart gadgets.
What is more interesting is that Tim Cook as restrained himself from making any direct comment in this regard. When he was asked about it, he changed the topic and referred to his interest in Tesla incorporating CarPlay in their car. Although, we are not sure about what is going through the business ranks, the experts have a firm belief that Apple Inc. will not buy Tesla Motors presently.
Although, the rumors are posing to be solid, there is a distinct section of individuals, who firmly believe that Apple Inc. will not buy Tesla Motors. In fact, the majority of the section believes that Tesla Motors will not be sold, irrespective of who wants to buy it. The man standing in the middle in Tesla’s CEO Elon Musk. There is no doubt of the fact that Elon Musk is a visionary and keeping in mind his visions, it seems quite absurd that Tesla Motors will be sold presently.
In addition, Apple might be working secretly on an electric car project, but the company has no direct connections. The company designs and manufactures smart gadgets and does not deal in car parts. Even the working pattern is different as Tesla manufactures and assembles its own parts and Apple get a third party for its equipments. Moreover, we are not entirely sure that Apple Inc. is even clearly interested in the automobile industry. It is one thing designing an automated control for a car and designing a car itself. With no clear indication from either of the two company, it will be interesting to see how the rumors flew.