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Apple Bid To Buy Tesla For More Than Its Current Market Price In 2013

Tech giant Apple Inc. (AAPL) reportedly bid to acquire luxury electric car maker Tesla Inc. (TSLA) in 2013 for $240 a share, above its current market price.

Craig Irwin, an analyst at Roth Capital Partners told CNBC on Tuesday that Tesla could have got a significantly higher price per share if it had agreed to Apple's bid six years ago.

"Around 2013, there was a serious bid from Apple at around $240 a share," Irwin said in an interview on CNBC's Squawk Box. "This is something we did multiple checks on. I have complete confidence that this is accurate. Apple bid for Tesla. I don't know if it got to a formal paperwork stage, but I know from multiple different sources that this was very credible."

Tesla is down over 38% in 2019, and is currently trading at a share price of $205.09. Since, Musk's "funding secured" tweet in August, Tesla's shares have plunged 46%.

"If Apple had interest then, they would probably have interest now at the right price," Irwin said.

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