Quote:
Originally Posted by CAHEK
The Apple Car hype is all hot air 
Tesla Revenue Is 1% of Apple?s: Apple racked up $74.6 billion in revenue last quarter. In roughly the same period, iconic electric car company Tesla Motors recorded $957 million in automotive sales. So even if Apple could instantly sell as many cars as Tesla, those sales would add a measly 1.3% to total revenue next quarter. |
Do those profits include sales of powertrain components to Daimler, Mercedes-Benz and Toyota?
Consider:
Tesla Motors was founded in 2003. As a 12yr old company, it's still relatively in its infancy.
What was Apple's revenue in 1988? (12 years after it was founded in 1976)
A: approx. $5billion
Not exactly what I'd call "all hot air".
Despite being behind the curve, I'd still hedge my bets on Tesla - *if* Musk remains the dominating force.