Apple Stock News: Tesla CEO Elon Musk Welcomes Apple Car
Tesla CEO Elon Musk said he is fine with Apple entering the car market during his company’s earnings call yesterday, while providing some insight into Apple’s attempt to enter the market. When answering a question about whether Tesla was losing engineers to the tech giant, he announced that his company had acquired 5 employees from Apple for every 1 that they lost. This is in contrast to comments earlier this year, when Musk said that Apple was trying very hard to poach his employees with offers of $250,000 signing bonuses and 60% pay raises.