Connect with us

Hi, what are you looking for?

Investing

Apple Cancels its Electric Car, After a Decade

`)
}

});

} else {

$(‘.blur’).css({
‘background’: ‘linear-gradient(95deg, #4e4e4e 25%, #000 45%, #bbb 75%, #FFFFFF 100%) 98%/200% 100%’,
‘text-transform’: ‘inherit’,
‘-webkit-background-clip’: ‘text’,
‘background-clip’: ‘text’,
‘-webkit-text-fill-color’: ‘transparent’
})

$(“.wpb_content_element”).append(`

Want to read more?

Click on the button below to access all premium content
articles by purchasing one of our educational packages

GET PREMIUM

`)

}

});

Apple Cancels its Electric Car Project, After a Decade of Development.

Over the past few days, it has emerged that Apple has discontinued its development of its electric car, known as Project Titan. The project has been in progress for 10 years and has cost the Tech giant a whopping $10 billion.

The decision effectively put an end to a 2014 proposal that aimed to assist Apple in expanding into a different sector and possibly achieving the same level of success as the iPhone.

Back in 2014, Apple joined the race to build a self-driving car. This was right around the time when Google started conducting trials of their prototypes on public roads in California, and at a time when many voices in Silicon Valley were predicting the imminent widespread use of autonomous vehicles. Apple was determined not to fall behind in this race.

    You May Also Like

    Economy

    Boeing’s crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold...

    Editor's Pick

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Stock

    S&P 500 pared back its intraday gain on Wednesday following a Bloomberg report that Royal Group has built a multi-billion-dollar short position in U.S....

    Economy

    A U.S. judge has ruled that former Bed Bath & Beyond investor Ryan Cohen can be sued by investors over a tweet he posted featuring an...

    Disclaimer: Richpeoplenetworks.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Richpeoplenetworks.com