Apple iCar rumours fuelled by reports of Tesla merger talks

Apple rumoured to have held merger talks with US car giant.

Apple has reportedly made moves to acquire car manufacturer Tesla, as part of its pursuit of revenue opportunities outside of its core tablet and smartphone business.

Apple senior executives met with Tesla CEO Elon Musk last spring, with sources telling the publication that merger talk was a topic of conversation, according to the San Francisco Chronicle,

Such an acquisition would allow Apple to make the transition into the connected cars market, which is a sector its arch-rival Google has made significant moves on in recent months.

As reported by IT Pro in January, the search giant has teamed up with Audi, Honda and Hyundai to create the Open Automotive Alliance, with the aim of shipping cars running the Android OS later this year.

At the time of writing, both Apple and Tesla were remaining tight-lipped about the reports, although an analyst talking to US news site CNBC rubbished the claims.

Peter Misek, a senior technology analyst at Jeffries, told the site there was "zero chance" of an Apple-Tesla merger taking place.

"I would put a lot of chance on collaboration," he added. "[Job's] departure has left a big gaping hole even now with all the talent they have at Apple, so they would certainly look to collaborations and Musk certainly fits that bill."

Despite this, the prospect of a merger between the two prompted Tesla's closing share price to sky-rocket to an all-time high of $203.70 on Monday.

Featured Resources

Four cyber security essentials that your board of directors wants to know

The insights to help you deliver what they need

Download now

Data: A resource much too valuable to leave unprotected

Protect your data to protect your company

Download now

Improving cyber security for remote working

13 recommendations for security from any location

Download now

Why CEOS should care about the move to SAP S/4HANA

And how they can accelerate business value

Download now

Recommended

Apple unveils updated Mac lineup powered by its new M1 chip
Hardware

Apple unveils updated Mac lineup powered by its new M1 chip

10 Nov 2020
Apple will require developers to add privacy nutrition labels to apps
privacy

Apple will require developers to add privacy nutrition labels to apps

6 Nov 2020
Apple will replace crackling AirPods Pro for free
Hardware

Apple will replace crackling AirPods Pro for free

3 Nov 2020
Google discloses actively-exploited Windows zero-day vulnerability
hacking

Google discloses actively-exploited Windows zero-day vulnerability

2 Nov 2020

Most Popular

macOS Big Sur is bricking some older MacBooks
operating systems

macOS Big Sur is bricking some older MacBooks

16 Nov 2020
46 million Animal Jam accounts leaked after comms software breach
Security

46 million Animal Jam accounts leaked after comms software breach

13 Nov 2020
How computing has revolutionised Formula 1
Sponsored

How computing has revolutionised Formula 1

11 Nov 2020