financetom
Business
financetom
/
Business
/
From 'walled garden' to cobalt use, Tesla's Elon Musk takes potshots at Apple
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
From 'walled garden' to cobalt use, Tesla's Elon Musk takes potshots at Apple
Jul 27, 2021 8:07 AM

Tesla CEO Elon Musk recently took swipes at Apple, the largest company in the world, over the use of cobalt in its products. The criticism came when he was asked about the use of metal in Tesla's supply chains.

"Apple uses, I think, almost 100 percent cobalt in their batteries and cell phones and laptops, but Tesla uses no cobalt in the iron-phosphate packs, and almost none in the nickel-based chemistries," Musk said during a conference call to discuss Tesla’s earnings report on July 26.

"On on a weighted-average basis, we might use 2 percent cobalt compared to say, Apple uses 100 percent. Anyway, so it's just really not a factor."

Cobalt mining has been associated with human rights issues like forced child labour and severe environmental damage near mining locations. Apple and Tesla were accused in a human rights lawsuit over their role in the promotion of child labour.

Apple has assured it will gradually switch to recycled materials for the production of phones.

Musk also criticised Apple policy over the company’s control on the App Store and apps that are allowed on it. Apple had been facing increasing scrutiny over its App Store policies, being labelled as anti-competitive, in several lawsuits including one against Fortnite publisher Epic Games and music streaming giant Spotify.

"I think we do want to emphasise that our goal is to support the advent of sustainable energy," Musk said in response to a question about letting competitors use its charger network.

"It is not to create a walled garden and use it to bludgeon our competitors that are used by some companies."

"Apple", said Musk while faking a cough.

While the two companies do not directly compete with each other, Apple is reportedly working on its own self-driving vehicles. The project, code-named Titan, has taken several engineers and executives away from Tesla, including Doug Field who is the head of the project.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Liberty Global eyes Vodafone's Dutch joint venture stake, Bloomberg News reports
Liberty Global eyes Vodafone's Dutch joint venture stake, Bloomberg News reports
Mar 14, 2025
March 14 (Reuters) - Liberty Global ( LBTYA ) has approached Britain's Vodafone ( VOD ) for a possible acquisition of its stake in the companies' Dutch joint venture VodafoneZiggo, Bloomberg News reported on Friday, citing people familiar with the matter. Vodafone ( VOD ) declined to comment, while Liberty Global ( LBTYA ) did not immediately respond to Reuters...
SocGen Says Markets Price Only A Small Chance of A Bank of Canada Rate Cut in April
SocGen Says Markets Price Only A Small Chance of A Bank of Canada Rate Cut in April
Mar 14, 2025
07:46 AM EDT, 03/14/2025 (MT Newswires) -- The Bank of Canada lowered rates by 25bps to 2.75% on Wednesday, the mid-point of the neutral range, but warned that monetary policy cannot offset the impact of a trade war with the United States, said Societe Generale. The BoC stayed vague on its intentions for future meetings and will carefully assess the...
Primega Gets Nasdaq's Noncompliance Notification Regarding Minimum Bid Price Deficiency
Primega Gets Nasdaq's Noncompliance Notification Regarding Minimum Bid Price Deficiency
Mar 14, 2025
07:46 AM EDT, 03/14/2025 (MT Newswires) -- Primega Group Holdings ( PGHL ) said Friday it received a Nasdaq noncompliance notification, stating that the company no longer fulfills the regulator's minimum bid price requirement of $1 per share for continued listing based on the closing bid price from Jan. 28 to March 11. The regulator has given a 180 calendar...
Gold Hits $3,000 per Troy Ounce for First Time
Gold Hits $3,000 per Troy Ounce for First Time
Mar 14, 2025
07:51 AM EDT, 03/14/2025 (MT Newswires) -- Gold climbed to a record high, eclipsing $3,000 per troy ounce Friday. The price of gold jumped to a new record on fears of a looming trade war, the Financial Times reported Friday. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved