Crystal ball wielding analyst weighs in on the Apple Car
Apple CEO Tim Cook never met with Elon Musk costing Apple a chance to score a spectacular profit
Even the next level battery is in doubt. Tesla’s Elon Musk, responding to rumors about the Apple Car on Twitter, called the Monocell battery “electrochemically impossible.” Musk also discussed a time when things weren’t going so well “during the darkest days” of Model 3 production. He tried to arrange a meeting with Apple CEO Tim Cook hoping that the executive could see the wisdom of purchasing Tesla at a price that would be significantly lower than the current value of the company (which is $627 billion). The meeting never took place and now Apple is trying to become a competitor to Tesla in the automobile industry.
Kuo said that the stock market is overly-optimistic about how soon Apple will start production of the vehicle. As a result, the analyst is warning his clients to stay away from buying shares of Apple Car suppliers at this time. Kuo’s note does say that Apple has yet to finalize the specs. As a result, the analyst does say in his note that production of the car might not start until 2028. He does say that he believes Apple does have a chance to make a go of the Apple Car.