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Apple (NASDAQ: AAPL), Tesla Motors (NASDAQ: TSLA)-Tim Cook said he admires Tesla and admires Tesla



Apple Inc. (Nasdaq: AAPL) CEO Tim Cook gave up some hints about the work of the highly anticipated Apple Car and said that he expressed “great admiration and great admiration for Apple Car”. respect” Tesla (NASDAQ: TSLA).

what’s happening: In an interview with Kara Swisher on the “Sway” podcast, Cook declined to comment on whether Apple is developing the car itself or the technology in the car.

However, Cook said that Apple likes to integrate hardware, software and services, and “find their intersection, because we think this is the magical place.”

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7;s CEO added: “And we like to have the main technology around.”

On Tesla: Cook also said that although he has never had a conversation with Tesla CEO Elon Musk, he is full of admiration and respect for the company Musk has established.

“I think that Tesla has not only done an incredible job of establishing a lead, but has maintained such a long lead in the field of electric vehicles. Therefore, I am very grateful to them.” Cook told Swisher.

In December last year, Musk tweeted that he had tried to discuss with Cook the possibility of Apple acquiring Tesla, but Cook refused to attend the meeting.

You can also take a look: Why Apple can become Tesla’s “first real competitor”

Why it matters: It has long been speculated that Apple is developing a self-driving car code-named “Project Titan”. The company also acquired autonomous driving startup Drive.ai in June 2019.

People have been speculating about Apple’s potential partners in self-driving electric vehicles.According to reports, Apple can still cooperate with South Korean automakers in February Hyundai Motor Company (OTC:HYMTF) An electric car from subsidiary Kia Corp., even though the latter denied the move in a statement.

It is also speculated that after negotiations with some automakers failed to yield results, Apple may cooperate with the contract manufacturer of the rumored electric car.

Price action: Apple’s stock price closed up by nearly 2.4% on Monday to $125.90, a further increase of nearly 0.5% during after-hours trading hours.

Read the next article: Snapchat is risking Apple’s anger by trying to create new privacy rules: British “Financial Times”

©2021 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.


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