AAPL - "Strategic Partnership" aka Acquisition. Trying to start a auto manufacturing company from the ground up is beyond stupid. If AAPL were smart they would just buy F or GM for their dirt market cap. GM makes more sense since GM also wholly owns Cruise.
Analyst Actions: Wedbush Anticipates EV Strategic Partnership for Apple in 2021, Possible Standalone Car Manufacturing After 2025
MT NEWSWIRES 9:27 AM ET 12/23/2020
Symbol Last Price Change
AAPL 131.88up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 12/22/2020
09:27 AM EST, 12/23/2020 (MT Newswires) -- Apple(AAPL) is likely to enter the electric vehicle space with a strategic partnership in 2021, Wedbush said, following reports that the company is reviving its efforts in the field of self-driving cars.
Analyst Daniel Ives pegged the chances of a standalone Apple(AAPL) car by 2024 at 35% to 40%, "given the Herculean-like auto production capabilities, battery technology ramp, financial model implications, and regulatory hurdles," on top of "the cautious DNA of Cook & Co. in launching new products."
A collaboration with Tesla (TSLA), VW or a Chinese manufacturer such as Nio (NIO) or Xpeng (XPEV), however, could "lay the groundwork for a dual path (start building its own line of EV autos post 2025) ... if this EV/autonomous venture is successful," Ives said in a note to clients.
Wedbush reiterated its outperform rating and $160 price target on Apple's(AAPL) stock.