No, I totally agree with cgusto. Building a vehicle manufacturing base is a mammoth undertaking. Tesla's been at it for 12 years and is only now putting out 35,000 cars a year. It really doesn't make that much difference how much money you start off with; that was never Tesla's obstacle. Elon has said as much on more than one occasion, that they're spending money as fast as they can and the only real limit is the amount of work that can feasibly be done per unit time.
Apple may have almost $200 billion but where would they get the batteries, to focus on just one aspect of it? Tesla found there literally wasn't enough battery supply and decided to build the largest battery factory in the world from scratch to provide what they needed, and it's been in planning for years and won't be ready for a few years to come. And again, money isn't the blocking issue. It would be laughable to suggest that Apple could just conjure up a comparable factory out of nowhere....it would take them just as long.
And given their penchant for overseas labor, it would take even longer. Don't even get me started on that. It's like Elon has said: importing phones in bulk is one thing; importing cars or large heavy things is wholly another. They would really have to do it in the US, which could hardly be done in secrecy. Car manufacturing plants tend to be large and obvious.
My point: maybe they'll get into it, but it won't come out of nowhere and it will certainly take a LOT of time regardless of their bank account. Tesla will be many years ahead of them for the long-term foreseeable future.
Right, but the article's point is that they started working on cars. You are making the point that it would take them a long time to build it.. They have the cash and I don't see why they would be in any rush, if driverless cars are expected on the streets in 2020, or potentially 2023..
As a matter of fact, Apple's last quarterly profit was $18bn, while Tesla's valuation, is $25bn. They could buy a company like Tesla every two quarters..
Furthermore, maybe what they are trying to do is to create some in-house talent, in preparation for future purchases. Perhaps so that they can have their own employees join those of the acquired company..
Apple may have almost $200 billion but where would they get the batteries, to focus on just one aspect of it? Tesla found there literally wasn't enough battery supply and decided to build the largest battery factory in the world from scratch to provide what they needed, and it's been in planning for years and won't be ready for a few years to come. And again, money isn't the blocking issue. It would be laughable to suggest that Apple could just conjure up a comparable factory out of nowhere....it would take them just as long.
And given their penchant for overseas labor, it would take even longer. Don't even get me started on that. It's like Elon has said: importing phones in bulk is one thing; importing cars or large heavy things is wholly another. They would really have to do it in the US, which could hardly be done in secrecy. Car manufacturing plants tend to be large and obvious.
My point: maybe they'll get into it, but it won't come out of nowhere and it will certainly take a LOT of time regardless of their bank account. Tesla will be many years ahead of them for the long-term foreseeable future.