Cars 3 apple stock car5/29/2023 Morgan Stanley published two notes following the Bloomberg story, and analyst Katy Huberty wrote in one that it's "the first press report to include a broad number of data points sourced to Apple insiders and provides enough reported detail to potentially lend credibility to the idea that Apple's Car launch could both accelerate adoption of new technology (EV + AV) and expand the addressable market similar to past Apple product launches." Shares of Rivian and Lucid, which went public through a special purpose acquisition company in July, have been volatile all week.Īpple's potential entry into the autonomous vehicle space has long been a topic of speculation. Rivian went public last week in one of the biggest IPOs of the year, and quickly surpassed the market cap of automakers Ford and General Motors.
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