Apple Car would take the tech giant to the next level — even if it’s a long shot
Daniel Howley
In the next few years, you could be driving an Apple car
Like aliens, Bigfoot, and the Loch Ness Monster, the long-fabled Apple (AAPL) Car is once again said to be on its way. According to Reuters, the tech giant is now targeting 2024 to build its own self-driving, electric-powered passenger vehicle that could pose a threat to Tesla (TSLA).
While there are obvious reasons why a “Tesla-crushing” Apple car won’t exist, as Yahoo Finance’s Brian Sozzi wrote, Apple still has plenty of incentives to pursue it. For one thing, with iPhone sales over the last few years slowing, Apple could benefit from the estimated $9 trillion the auto industry is expected to be worth by 2030.