Apple is accelerating its efforts in the development of its electric car & is refocusing the project around full self-driving capabilities. Apple’s stock closed up 1.7% & traded at $160.55 a share last Friday.
More details🧐 In recent years, Apple’s been choosing between a car with limited self-driving capabilities focused on steering & acceleration, or a car with full self-driving ability that doesn’t require human intervention. They went with the second option.
Why is this important🤔 This push could see Apple enter the highly exciting EV market soon, & compete with Tesla, newly-public Rivian, & other automakers moving away from fossil fuels.