Latest Suit Against Apple (AAPL) is Further Evidence of Automobile Ambitions
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February 20, 2015 1:08 PM EST
Stifel is out with commentary on Tesla Motors (Nasdaq: TSLA) following recent speculation that Apple (Nasdaq: AAPL) might be entering the electric vehicle (EV) market.
Analyst James Albertine doesn't think Apple is looking to manufacture entire vehicles, but is instead looking to leverage its global brand presence and cash pile to improve its negotiating position with major automakers. He further noted that Apple making headlines about entering the EV market is good for the EV market, thus good for Tesla.
On Apple's plan, Albertine continues,... More
February 20, 2015 7:28 AM EST
(Updated - February 20, 2015 7:58 AM EST)
Apple (Nasdaq: AAPL) may have automobile ambitions, but there's still going to be a few years before an 'iCar' hits the road.
According to Bloomberg, Apple isn't likely to begin selling its car before 2020. While that might seem like quite a long time to wait, it generally takes anywhere from five to seven years for an established manufacturer... More
