What Is the Apple iCar?
Apple vs. Tesla

Tesla and Apple are both dominating companies in today's world, but how do they fare against each other? (Picture Credit: Financial Times)

Tesla and Apple, two huge companies. How do they fare against each other?

Apple, which has a market capitalization of $2.2 trillion, started in computers back in 1976, but now specializes in everything from watches to phones to headphones. On the other hand, Tesla specializes in electric cars and has a market cap of slightly over $600 billion.

One thing to note about the automotive industry is that it is extremely hard to get into and is infested with thousands of competitors, from Toyota to Mercedes. However, with the market cap that Apple has, it can buy up to four General Motors, four Hondas, and four BMW’s, just to name a few. In other words, Apple can decide to enter the automotive market by purchasing an existing player.

Even if Apple enters the market, it's going to be very hard for them to compete against makers like Tesla, who have more experience. It's going to take Apple a long time to truly understand the market and what consumers want to buy. For the most part, we expect Tesla to prevail against Apple in the market, and only time will tell if and when the tables turn on Tesla.
['Pranav Bansal']
['Technology', 'Innovation', 'Tesla', 'Cars', 'Apple']