Famed Apple watcher Ming Chi-Kuo of TF Securities has written a note to investors stating that the Apple Car may not come to life till 2027. Kuo who is world-renowned as one of the foremost analysts in the world focussed on Apple’s launches wrote the note in wake of a dubious report that stated that the Apple Car could come as soon as 2021. His report also comes at a time when Reuters has claimed that the Project Titan based vehicle could come by 2024 and will be based on a mono-cell battery architecture.
According to Kuo, the report by the DigiTimes which claims a 2021 launch is utterly false while even the Reuters report is highly optimistic as he believes that the launch will not happen before 2025.
He has told investors to not invest in Apple stock in a knee-jerk reaction to these reports. He cites that the lack of supplier or specification and uncertainty around Apple’s competitiveness for EV and self-driving vehicles could be a major pain point in an early launch.