Apple Car reports add $102 billion to market valueThat's more than the entire market value of General Motors...
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Reports Apple will release a car in 2024 have caused the company's stock price to surge, adding $102 billion in market value at one point Tuesday.
Reports Apple will release a car in 2024 have seen its stock price climb nearly 5%, adding $102 billion to its market cap on Tuesday.
From Business Insider:
Apple gained 4.7% on Tuesday following a Reuters report on Monday that said the iPhone maker planned to produce electric cars by 2024.
The tech giant aims to compete in the rapidly expanding electric-car market with new battery technologies to improve vehicles' safety and range, according to the report. That could "radically" cut down on battery costs, a source familiar with the plans told Reuters.
Apple's market value grew by more than $102 billion at intraday highs.
From a report on Monday:
Reported by Reuters, Apple first self-driving car could debut as soon as 2024. The company i...
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Apple Car reports add $102 billion to market value
