Apple EV? Can $AAPL Compete With Tesla $TSLA In The Electric Vehicle Market? Apple ICar Tristan Da Cunha [sOA6gABc1wh]

Today I discuss Apple stock history and how they could compete in the EV space. Can $AAPL compete with Tesla $TSLA in the electric vehicle market with an iCar? Project Titan is alive!

20142015

The project was rumored to be approved by Apple CEO Tim Cook in late 2014 and assigned to Vice President Steve Zadesky, a former Ford engineer as project in-charge. For the project, Apple was rumored to have hired Johann Jungwirth, the former-president and chief executive of Mercedes-Benz Research and Development North America, as well as at least one transmission engineer.

By February 2015, it was rumored that a substantial number of Apple employees were working on an electric car project, with Apple hiring new employees for the project as well. Reports in February 2015 indicated that the company had been offering incentives to Tesla employees to join Apple. In February 2015, The Wall Street Journal reported that the product would resemble more of a minivan than a car, and The Sydney Morning Herald said at that time that production could start as soon as 2020.

Apple once again appears to be seriously looking at making a car. Reuters reports that Apple is pursuing production of a passenger vehicle by 2024 as well as the creation of self-driving systems and a breakthrough battery technology. The report is vague on how it all comes together its not clear that all of this tech is going into the first passenger vehicle Apple hopes to make but it indicates that Apple is considering vehicle production, after previously shutting down plans property to make a car.

There have been rumors of Apple developing a car going back to 2015. But in what time does voting end today 2016, the project was scaled down significantly, with development of a full car being scrapped and Apples team refocusing on providing software that could be licensed out to car manufacturers, according to reports at the time. Around 200 people were laid off from Apples car team just last year.

If Apple is planning to manufacture a self-driving car, it may also face regulatory hurdles before it can hit the road. There are no true self-driving vehicles available today, though some cars, like those from Tesla, offer a degree of advanced driver assistance driving in certain situations.

Earlier this month, Apple handed control of its self-driving car project over to John Giannandrea, the companys head of AI. Giannandrea jeena ostapenko was brought on board in 2018 to work on Siri, after previously working at Google as head of search and artificial intelligence.

Just yesterday, another report, from the Economic Daily News in Taiwan, said that an Apple-made car could be released as soon as 2021 in what would be a stunningly ambitious timeframe if true. Back in 2018, reliable Apple analyst Ming-Chi Kuo predicted the launch of a car between 2023 and 2025, according to MacRumors. Generally, though, the impression has been that Apple was focused on self-driving technology for the past several years, rather than production of an actual Apple-branded vehicle.

Disclaimer:

I have been investing in the stock market for over 20 years, but I am not a financial advisor or a legal professional, & I am not providing financial or legal advice. The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. FIRED Up Wealth and Eric Cuka do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is no guarantee of future results.

Sources:

#apple #aapl #tsla #evstocks #DGIF #growthstocks