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Message : Required fields (Reuters) - Shares in Apple Inc jumped more than 3% on Tuesday, adding more than General Motors entire market capitalization to the value of the iPhone maker on signs it was planning to move forward swiftly with electric car production. Sources told Reuters on Monday that Apple, whose automotive efforts had proceeded unevenly since 2014, was now targeting 2024 to produce a passenger vehicle that would include its own breakthrough battery technology. The news hit shares of Tesla Inc and sent those in a number of current or potential partners for the California-based technology giant spinning higher. If Apple has achieved a battery breakthrough, this could serve as a driver to finally move forward with production given battery costs are one of the main obstacles to mass adoption of EVs, Evercore analyst Amit Daryanani wrote.

United statesAmit daryananiSriraj kalluvilaMorgan stanleyMotors coTesla incVelodyne lidarLuminar technologiesApple carsGene munsterMunsif vengattilஒன்றுபட்டது மாநிலங்களில்மோர்கன் ஸ்டான்லிமோட்டார்கள் இணைடெஸ்லா இன்க்லுமினியர் தொழில்நுட்பங்கள்