Tim Cook Hints at Apple’s Electric Car, Sings Tesla’s Praises

DUBLIN, IRELAND - 11/11/2015 Apple CEO, Tim Cook, arrives for a Q&A with members of the Trinity College Dublin Philosophical Society and receive the Gold Medal of Honorary Patronage.
Laura Hutton / Shutterstock.com

The media, Apple fans and the general public have been speculating about an Apple autonomous electric vehicle project since 2014. A Reuters report last December made it seem as if it was nearly a done deal, with the announcement that Apple was targeting a self-driving passenger vehicle launch by 2024. Yesterday, Apple CEO Tim Cook refused to confirm nor deny developments of a self-driving EV to Kara Swisher, from Sway, although certain statements seemed to hint that the project is still in the works.

See: The True Cost of Going Electric
Find: 5 Questions To Ask Before Buying an Electric Vehicle

Pointing out the fact that an autonomous vehicle is, essentially, a robot, Cook told Sway, “The autonomy itself is a core technology, in my view…. And so there’s lots of things you can do with autonomy. And we’ll see what Apple does. We investigate so many things internally. Many of them never see the light of day. I’m not saying that one will not.”

Make Your Money Work Better for You

In June 2019, Apple bought autonomous vehicle startup Drive.ai. Swisher asked if Apple had plans to develop a car or simply “the technology within the car.” Although Cook refused to answer the question directly, he said, “We love to integrate hardware, software and services, and find the intersection points of those because we think that’s where the magic occurs. And so that’s what we love to do. And we love to own the primary technology that’s around that.”

Swisher took that to mean an autonomous electric vehicle was on the horizon for the leading technology developer.

See: Tesla Will Soon Accept Bitcoin as Payment
Find: Apple Now World’s Most Profitable Business

Swisher also asked Cook about Tesla’s offer to buy Apple in the company’s earlier days. “I’ve never spoken to Elon,” Cook said, “although I have great admiration and respect for the company he’s built. I think Tesla has done an unbelievable job of not only establishing the lead, but keeping the lead, for such a long period of time in the EV space,” Cook told Swisher.

Make Your Money Work Better for You

In spite of tech stocks dipping in recent weeks, both Apple and Tesla were up at market close on Monday.

More From GOBankingRates

Share this article:

facebook sharing button
twitter sharing button
linkedin sharing button
email sharing button
Make Your Money Work Better for You

About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
Learn More


See Today's Best
Banking Offers