LAZR - Wall Street Breakfast: iCar?
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. iCar?Apple's (AAPL) Project Titan is not only alive, but plans to produce an electric passenger vehicle with "breakthrough battery technology" and self-driving capabilities by 2024, according to a fresh report from Reuters. The news sent AAPL shares nearly 3% higher in premarket trade after closing up yesterday on the news.Backdrop: Project Titan has been moving in fits and starts since 2014. It first began to design its own vehicle from scratch, but reverted back to a software push at one point and reassessed its goals. It remains unclear who would assemble a possible iCar, but sources have said they expect Apple to rely on a manufacturing partner.Other movement: Shares of Tesla (TSLA) initially spun lower on the report (amid the EV maker's first day as part
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Wall Street Breakfast: iCar?