TECH - Wedbush's Dan Ives Says Apple's Decision To Abandon EV Project Is 'The Right Move': '...Would Have Made This An Uphill Battle' | Benzinga
Apple Inc (NASDAQ:AAPL) has reportedly decided to discontinue its electric vehicle (EV) project, codenamed Titan. This decision has been met with approval from a prominent analyst, who believes that the move is in the best interest of the company.
What Happened: Wedbush analyst Dan Ives, on social media platform X, formerly known as Twitter, reacted to the news of Apple’s decision to halt its EV project.
Ives, who is known for his insights into the tech industry, expressed his support for Apple’s move, citing the rapidly evolving EV landscape as a significant factor.
Apple has cancelled its decade-long effort to build an EV. The writing was on the wall for Apple with a much different EV landscape forming that would have made this an uphill battle. Most of these Project Titan engineers now all focused on AI at Apple which is the right move🍎 — Dan Ives (@DivesTech) February 27, 2024
See Also: Trump-Inspired MAGA Coin Shines, Bitcoin Advocate Predicts Market Crash, ‘Dogecoin Killer’ Shiba ...