Experts consider Apple Car to be a game changer | Morgan Stanley expects Apple Car to affect competitor auto stocks

Experts consider Apple Car to be a game changer |  Morgan Stanley expects Apple Car to affect competitor auto stocks

Tech Highlights:

  • Electric Avenue on the show floor during the international automotive media North American International Auto Show press preview days at the Cobo Center in Detroit, Michigan on January 12, 2010. The public can attend the 2010 North American International Auto Show (NAIAS) beginning January 16th.

  • The impending Apple electric car, according to Morgan Stanley, an American global investment bank that provides financial services to numerous organisations and corporations, would revolutionise the stock market of the automobile sector.

The financial firm even considers the giant iPhone maker’s upcoming electric vehicle a game-changer. Right now, Apple is still working on its automobile, but the company hasn’t released much about this new product.

Recently, TechTimes reported that the new Apple EV could be shipped as early as 2025. On the other hand, new Apple Car renders of the company’s patent were leaked.

Although this is the case, various rumors about the new zero-emission car have been circulation on different social media platforms.

Morgan Stanley experts expect the new Apple Car to make a huge impact in the automotive stocks of its EV competitors.

A Morgan Stanley logo is seen August 20, 2003 in New York City. Massachusetts’ top securities regulator said August 19 that Morgan Stanley brokers and managers competed for cash prizes by selling the company’s own funds which often made less money for its clients.

The financial firm’s researchers added that although the new electric vehicle of the iPhone maker would be a big deal in the EV market, its effects would still appear at a slower pace.

Right now, the company describes the upcoming Apple zero-emission automobile as the “ultimate EV bear case.” Aside from the stock effects, Adam Jonas, Morgan Stanley’s top analyst, claimes that the new Apple Car would be used as a service EV by other companies.

“We believe a car without a steering wheel or pedals must be a ‘shared service’ and not an ‘owned car,” said Jonas.

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