Morgan Stanley, an American multinational investment bank offering financial services to various institutions and companies, claims that the upcoming Apple electric car would change the stock market of the automotive industry.
DETROIT - JANUARY 12: Electric Avenue on the show floor during press preview days for the world automotive media North American International Auto Show at the Cobo Center January 12, 2010 in Detroit, Michigan. The 2010 North American International Auto Show (NAIAS) opens to the public January 16th.
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.
Although this is the case, various rumors about the new zero-emission car have been circulation on different social media platforms.
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.
Morgan Stanley Claims Apple Car to Change Automotive Stocks
According to Apple Insider's latest report, Morgan Stanley experts expect the new Apple Car to make a huge impact in the automotive stocks of its EV competitors.
NEW YORK - AUGUST 20: 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.
Apple Car to Have Better Self-Driving Feature?
Digital Trends reported that the iPhone maker's car-building division focuses on enhancing the autonomous feature of the upcoming Apple electric vehicle.
The giant gadget maker is expected to change the Ev industry in various ways, such as the self-driving feature. As of the moment, the current autonomous systems of various EV makers are still incomplete.
Even Tesla's FSD is still being updated since various issues are seen in the Full Self-Driving software of the company.
For more news updates about Apple Car and other advanced electric vehicles, always keep your tabs open here at TechTimes.
Related Article: Apple Hints at Their Self-driving Electric Car Project Launching in 2025
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Written by: Griffin Davis
