Apple is an electronics company. The iPhone was a "small" change from an iPod. The Apple watch is not really a watch. It is essentially a mini iPhone with a

Apple is an electronics company. The iPhone was a "small" change from an iPod. The Apple watch is not really a watch. It is essentially a mini iPhone with a wrist strap. Now a car on the other hand, you can't just attach wheels to an iPhone or Mac and call it a car. There's an entire set of rules and regulations they've never dealt with. There's an entire industry of suppliers they've never dealt with. Apple is not a car company. Perhaps they thought doing some sort of EV was close enough to their competencies to make it work. In the end, they probably figured out they had to be a car company to make it work and they very much don't want to be a car company.