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Is Apple Really Building a Car?

Rumors of Apple's car persist, but the data we know of isn't promising.

By Travis Hoium – Jul 12, 2023 at 7:00AM EST

Apple (AAPL +0.73%) seems to be continuing its car efforts, recently moving them to Arizona. But the data on Apple's autonomous vehicle efforts aren't promising, which Travis Hoium highlights in this video. 

*Stock prices used were end-of-day prices of July 9, 2023. The video was published on July 10, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and General Motors. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, and Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Apple Stock Quote
Apple
NASDAQ: AAPL
$253.52
(+0.75%)+$1.88
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$290.66
(+0.08%)+$0.22
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$210.83
(+1.73%)+$3.59
General Motors Stock Quote
General Motors
NYSE: GM
$76.78
(+0.27%)+$0.21
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$388.07
(+1.32%)+$5.04
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$288.87
(-0.11%)-$0.33

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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