"Apple's Failed Electric Car Project: The Inside Story and Elon Musk's Reaction"

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Source: New York Post
"Apple's Failed Electric Car Project: The Inside Story and Elon Musk's Reaction"
Photo: New York Post
TL;DR Summary

Elon Musk reacted to Apple's decision to end its electric car project with a saluting emoji and a cigarette image, emphasizing the difficulty of the car industry. The move marks the end of Apple's decade-long effort to enter the electric car market, with employees being shifted to the company's AI division. Musk's comments reflect a global slowdown in electric vehicle demand, with Tesla aggressively cutting prices to compete and warning of a sales growth slowdown. Apple will now focus on its generative AI products, while Tesla's rivals Rivian and Lucid face challenges due to the impact of slowing electric vehicle demand on their production plans.

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