Apple Company (NASDAQ: AAPL) CEO Tim Cook left some advice about working in the much-awaited Apple Car and said he “admires and respects” a lot for the company. Tesla Inc. (NASDAQ: TSLA)
What happened: In an interview with Kara Swisher on his podcast “Sway,” Cook declined to comment on whether Apple is working on cars or in-car technology.
However, Cook said Apple likes to combine hardware, software and services and “find the intersection of those things because we think that’s where the magic happens.
“And we love to own the core technology that surrounds them,”; added Apple CEO.
In Tesla: Cook also said that although he never spoke to Tesla CEO Elon Musk, he has admiration and respect for the company Musk has built.
“I think Tesla is working unbelievably well, not just But only create leaders But still retains its leadership in the EV space for a long time. So I’m very grateful to them, ”Cook told Swisher.
Musk tweeted in December last year that he had tried to contact Cook to discuss the possibility of Apple buying Tesla, but Cook declined to attend the meeting.
See also: Why did Apple become Tesla’s ‘first true competitor’?
Why is this important: Apple has long been speculating that it is developing autonomous vehicles under the code name Project Titan.The company also acquired self-driving startup Drive.ai in June 2019.
Speculation has been fierce about Apple’s potential alliance regarding self-driving electric cars. It was reported in February that Apple could still partner with the South Korean automaker. Hyundai Motor Company (OTC: HYMTF), a Kia Corp. subsidiary of electric vehicles, although later denied the move in a statement.
It was also speculated that Apple might work with contract makers for the rumored electric car after talks with some automakers were ineffective.
Price action: Apple shares closed nearly 2.4 percent higher Monday at $ 125.90 and were up nearly 0.5 percent during after hours.
Read next: Snapchat risks Apple’s wrath with efforts to bypass new privacy rules: FT
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