Apple, which has been working secretly for years to enter the electric car world, according to the news of Bloomberg, before 2025. Apple Car electric carI will not release it. Here, the official also announced that Apple is making great efforts to make this breakthrough in 2025.
Following these statements, Apple shares rose to an all-time high.
Apple shares rise for electric vehicle
All-time intraday high on Sept. $157.26 was determined as. Apple’s stock looks to be over 21 percent so far in 2021 and has risen 33 percent in the last twelve months. Shares hit an all-time high of $157.87 as Apple Car rumors resurfaced.
Investors are no doubt looking at the potential impact of Apple’s entry into the massive auto market, but it’s still a few years away from any launch, and Apple’s rumored 2025 target is reportedly “best case” even by some inside the company.
Apple wants to design a car without a steering wheel or pedals, with an interior aimed at hands-free driving. According to Bloomberg estimates, Apple is considering a design similar to Canoo’s Lifestyle Tool.