What you need to know
- Reports Apple will release a car in 2024 have caused the company's stock price to surge, adding $102 billion in market value at one point Tuesday.
Reports Apple will release a car in 2024 have seen its stock price climb nearly 5%, adding $102 billion to its market cap on Tuesday.
From Business Insider:
From a report on Monday:
The reports also follow news from Tesla CEO Elon Musk, who claims that he offered to sell the company to Apple for one-tenth of its current value during the darkest days of the Model 3 program last year.
AAPL ended the day at just shy of $131.90, marking a total increase in market cap of $62 billion, more than the entire market value of General Motors, which is currently $58.5 billion.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9