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Right, but the article's point is that they started working on cars. You are making the point that it would take them a long time to build it.. They have the ca
by graffitici 12y ago
Right, but the article's point is that they started working on cars. You are making the point that it would take them a long time to build it.. They have the cash and I don't see why they would be in any rush, if driverless cars are expected on the streets in 2020, or potentially 2023..
As a matter of fact, Apple's last quarterly profit was $18bn, while Tesla's valuation, is $25bn. They could buy a company like Tesla every two quarters..
Furthermore, maybe what they are trying to do is to create some in-house talent, in preparation for future purchases. Perhaps so that they can have their own employees join those of the acquired company..