Apple Might Be Working on an Electric Car: Here's What You Should Know

Shares of Apple (NASDAQ: AAPL) have been moving higher this week as investors are digesting some surprising news. Speculation that the technology company is getting into the electric-car space is resurfacing. Apple is targeting the production of a new electric vehicle by 2024, "people familiar with the matter" told Reuters this week.

The news gives new life to the company's long-rumored Project Titan -- a top-secret effort at Apple that has been focused on electric vehicle technology development.

Is Apple really going to develop an electric car this time? Even more important, should a potential Apple car make investors more bullish on the stock?

Continue reading

Source Fool.com