I'm not arguing that it will happen, and I'm pretty sceptical of the whole Apple car thing, but overvalued is very much in the eye of the beholder. The value Ap

I'm not arguing that it will happen, and I'm pretty sceptical of the whole Apple car thing, but overvalued is very much in the eye of the beholder. The value Apple receives might be an order of magnitude higher than Tesla's discounted returns from now until the end of time. Could this be the case? It's possible Apple has determined that there is a window of opportunity during the transition to automated and electric cars to swoop into the chaos and eat everybody's lunch like they did with the iPhone. If true, saving a few years could be worth a trillion in market cap to them.