Apple targets car production by 2024, eyes ‘next level’ battery tech: sources

Re:Apple targets car production by 2024, eyes ‘next level’ b... by misiti3780 on Monday December 21, 2020 @06:14PM (#25500880)

Tesla is an electric car company and an energy company, and they are leading both sectors right now. You can say that their market cap should not be greater than Toyota or Ford etc because the number of vehicles they produce is a lot smaller, but the world is going electric (really, renewable) and Tesla is tee-ed up to take large chunks of the solar panel and car markets. They have said they are going to produce a smaller version of a model 3 that costs under 25K USD, which the Europeans will buy in large numbers. They will be the first company to complete FSD also.

My opinion doesn't mean anything, but I think in 2030, Elon Musk will be the richest person in the world by an order of magnitude and Tesla will have the largest market cap in the world

Disclaimer - long TSLA and drive a model 3

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Re:Apple targets car production by 2024, eyes ‘next level’ b... by anupamchugh on Monday December 21, 2020 @06:18PM (#25500909)

But we can’t ignore Apple’s ability to sway people towards their products. Apple fans treat those products like jewellery and Tesla may not be the premium flagship car that it’s aiming to be after a few years

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Re:Apple targets car production by 2024, eyes ‘next level’ b... by misiti3780 on Monday December 21, 2020 @06:20PM (#25500933)

That is true for sure, and we will have to wait and see. I know Apple has a lot of money but they also have a lot of catching up to do.

Building car companies from scratch is really, really hard.

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