Apple Inc.’s plan to build its own self-driving electric vehicle has been unveiled… It’s called “Project Titan” and the company is targeting a 2024 release.
When Apple moves into an industry, it tends to dominate it. But investors need to remember, it took Elon Musk 17 years before he could finally turn Tesla into a sustained profit-making business…
And even when Tesla figured out how to turn a profit, suppliers to Tesla were seeing monster gains. This is true across the whole automotive industry.
And there’s one thing that makes this opportunity way more exciting than Tesla…
Tesla is a cash-poor business – meaning compared to the size of the company, they don’t have a lot of spare cash lying around for research and development.
That’s not true for Apple. As of their most recent financial statement, the company is sitting on $194 BILLION in cash.
So that likely means plenty of money will be flowing to its car suppliers. And we’ve spotted two prime candidates…
Now, there’s no telling when these deals could happen, so the most important thing is that you get out ahead of the news.
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