"Apple Abandons Electric Car Project, Impact on Tesla and Detroit Rivals"
TL;DR Summary
Apple has reportedly canceled its work on the electric car project, with employees being shifted to the firm's artificial intelligence division. The decision comes amid a slowdown in demand for electric vehicles and high interest rates affecting consumer sentiment. This move reflects a shift in focus for Apple towards AI, as the company reevaluates its automotive efforts after a decade-long project known as Project Titan.
- Apple cancels work on electric car, source says Reuters
- Apple Kills Its Electric Car Project The New York Times
- Apple Ends Quest to Build Its Own Electric Vehicle The Wall Street Journal
- Apple cancels plans to build an electric car CNBC
- Apple's EV Wind Down Offers Reprieve to Tesla and Detroit Rivals Bloomberg
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