Daily Tech News, Interviews, Reviews and Updates

Apple canceling the development of Apple Car caused no fluctuation in the stock market

Apple’s electric car project known as Project Titan has been going on for years now and the company has also invested a lot of money in this decade-long project. The company was planning to introduce a fully autonomous electric vehicle but now surprisingly this project has been terminated by the company.

It is said that the company had faced numerous challenges in this project and had finally decided to shut it down. This decision by Apple has received mixed reactions on social media platforms According to MacRumors some employees within the company have suspected this project and referred to the car as “The Titanic Disaster” rather than “Project Titan.”

Although it was expected that Apple’s decision might also cause havoc in the stock market @mingchikuo revealed on the X platform that it might seem like a big deal, but no stock in the world has gone up or down after this decision. He also stated that this shows the stock markets have since long stopped caring whether Apple wants to make the Apple Car or not.

As per reports, employees working on this project will be shifted to work on generative artificial intelligence. Apple has not officially commented anything on the shutdown of this decade-long project.

Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More
You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More