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News of Apple’s self-contained pure electric vehicle was announced, and on 22 local time on the New York Stock Exchange, Apple’s stock price soared 2.85% from the previous trading day to close. at $ 131.88. On the same day, Tesla shares closed at $ 640.34, 1.46% less than the previous day after a 6.5% drop on Monday.
According to foreign media such as Cascoops on the 23rd, Reuters reported on Monday that Apple, which began developing autonomous cars through the ‘Titan’ project since 2014, continues to operate the development of pure electric vehicles with the goal of launching them in 2024. Initially, Through Project Titan, Apple began developing autonomous vehicles against Google Waymo, but in 2018, around 190 employees of the organization were suddenly laid off and rumors surfaced about the project’s suspension.
Then earlier this month, a Taiwanese IT outlet reported that Apple plans to jointly develop an artificial intelligence chip for autonomous cars with TSMC, Taiwan’s largest semiconductor consignment maker, and announced Apple’s first autonomous pure electric vehicle. in September of next year. He said he could contact him.
Analysts and industry investment experts noted that Tesla’s stock price fell when news of Apple’s development of autonomous electric vehicles broke, while Apple’s share price rose. Over the past two days, Apple’s stock price has risen more than the value of the three traditional automakers, Detroit, combined. Additionally, Tesla’s stock price also fell further after a tightening following the inclusion of the S&P 500 on Monday.
Amit Daria, investment analyst at Evercore, a US investment bank, said: “If Apple has innovated in terms of the cost of batteries, which is one of the main obstacles to electric vehicle production, it will be able to generate new momentum. “. It will be recognized as a much stronger competitor than the legacy automakers. “
In addition, Reuters reported in a previous report that Apple plans to receive lidar sensors necessary for autonomous vehicle production through third-party partners. % And 8% shot up.
Kascoops cited industry sources, along with news of Apple’s development of autonomous electric vehicles and the share price of related partners, and the bottom line is that Apple is likely trying to produce electric vehicles through consignment production. through the iPhone manufacturing case. He said you should pay attention.
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