GIVEAWAY: Sabrent Rocket Q 8TB NVMe PCIe M.2 SSD worth $2000!

RumorTT: Apple / Tesla talks most likely about new battery factory

New reports are suggesting that Elon Musk met with Apple executives to hold talks about teaming up to build new lithium-based battery factory.

@CharlesJGantt
Published Tue, Feb 18 2014 2:33 PM CST   |   Updated Mon, Oct 19 2020 8:15 PM CDT

Yesterday we posted a news story about a top-secret meeting between Elon Musk and Apple executives, that sparked many rumors about Apple's possible acquisition Tesla Motors, but today a little more light has been shed on the meeting and its topic. Sources tell TweakTown that the meeting was not about an acquisition, but rather a partnership to bring a new-age battery manufacturing facility to the US.

RumorTT: Apple / Tesla talks most likely about new battery factory | TweakTown.com

It's no secret that Tesla has been spending millions on new battery research to ultimately invent a new battery to power its Model S and upcoming Model X vehicles, and it appears as if that research is close to paying off. Sources tell us that the recent meeting between Tesla Motors and Apple were to discuss a partnership that would build a next-generation battery manufacturing facility right here in the USA. Not much is known about the type of batteries that may be manufactured, but chances are good that it is based on Lithium technology.

With backers such as Elon Musk, and record breaking growth on the stock market, one does have to ask why Tesla would need Apple's help, and the answer is quite simple. To minimize risk... Apple has tons of cash just sitting idle in banks, and Tesla knows that they have also been looking at more efficient battery technology. When you really sit back and think about it, Apple is the perfect investor and partner for a new state-of-the-art battery manufacturing facility, and Tesla apparently wants them on board.

NEWS SOURCE:digitaltrends.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles