EXPLAINED: Apple car - The Real Truth

The Apple Car was a decade-long project that never came to be. But it turns out Apple may have come pretty close to making it a reality.

A new report has revealed extensive details about the nature of the car Apple was working on in 2020.

EV stocks mostly advanced in the week ending May 27, with the broader market strength supporting the turnaround. Tesla, Inc. (NASDAQ: TSLA) snapped its four-week losing streak and rallied, while Fisker, Inc.

Luminar Technologies, Inc (NASDAQ:LAZR) roped in Christopher “CJ” Moore, a manager on Apple Inc’s (NASDAQ:AAPL) car project and a former director of Autopilot at Tesla Inc (NASDAQ:TSLA), to lead global software development, Bloomberg reports. Moore, who had joined Apple in August, will lead Luminar’s software team to develop autonomous safety features integrated with its lidar or…

Apple Inc (NASDAQ:AAPL) hired Desi Ujkashevic, a Ford Motor Company (NYSE:F) veteran who specialized in leading safety efforts and vehicle engineering, Bloomberg reports. Apple's move hints at the ramp-up of its self-driving Apple Car despite several high-profile departures over the past year. The hiring looks to fuel its sales numbers while firing up rivalry with EV…

Apple, Inc.'s (NASDAQ: AAPL) self-driving car project has been a long time in the works. An analyst who is fairly accurate with his predictions about various Apple products and events, has hinted at a potential delay from the 2025 launch timeframe that has been rumored.