Feeds

Elon Musk ADMITS he met Apple: iCar 'great idea', keeps schtum on Tesla hookup

'Leccy car-builder's shares rise as profit-free firm posts results

Combat fraud and increase customer satisfaction

Tesla CEO Elon Musk has admitted holding a tête-à-tête with Apple - but has refused to disclose the exact nature of the discussions.

Rumours have been swirling about a possible hook-up between the fruity firm and the electric car manufacturer.

Although Musk confirmed that he had held talks with Apple, he gave no indication about whether Cupertino wanted to buy up Tesla - which would tacitly confirm speculation that Tim Cook is planning to build an iCar.

“We had conversations with Apple. I can’t comment on whether those revolved around any kind of acquisition,” Musk told Bloomberg.

When pushed, Musk said he thought developing an iCar would be a "great idea" for the fruity firm.

Musk's comments came after his firm announced better than expected results which saw its share price shoot up by 11.8 per cent to $216.41 on Wednesday.

Tesla predicted it would ship 55 per cent more of its Model S electric sedan this year than in 2013. The firm expects to flog some 35,000 cars this year.

In the last quarter Tesla sold 6,900 cars whilst managing to hit its 25 per cent gross margin target.

Tesla posted a net loss of $74m from revenues of $2bn last year. In Q4 it made a net loss of $16m, a relatively healthy increase compared to the previous quarter's $38m loss and a promising end to the year compared with 2012's $89m loss in Q4.

After announcing the encouraging results, a buoyant Musk then said he would use the share surge to raise funds for a “gigafactory” to produce the lithium ion cells his cars depend on; a move which would totally eliminate Tesla's dependence on other producers. ®

Combat fraud and increase customer satisfaction

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.