Tesla Revenue Is 1% of Apple’s: Apple racked up $74.6 billion in revenue last quarter. In roughly the same period, iconic electric car company Tesla Motors recorded $957 million in automotive sales. So even if Apple could instantly sell as many cars as Tesla, those sales would add a measly 1.3% to total revenue next quarter.
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Tesla Revenue Is 1% of Apple?s: Apple racked up $74.6 billion in revenue last quarter. In roughly the same period, iconic electric car company Tesla Motors recorded $957 million in automotive sales. So even if Apple could instantly sell as many cars as Tesla, those sales would add a measly 1.3% to total revenue next quarter.
Do those profits include sales of powertrain components to Daimler, Mercedes-Benz and Toyota?
Consider:
Tesla Motors was founded in 2003. As a 12yr old company, it's still relatively in its infancy.
What was Apple's revenue in 1988? (12 years after it was founded in 1976)
A: approx. $5billion
Not exactly what I'd call "all hot air".
Despite being behind the curve, I'd still hedge my bets on Tesla - *if* Musk remains the dominating force.
There's no doubt Apple would be working very hard on breakthroughs in battery technology.
However I think this spate of hirings, the odd vehicles Apple are using and other information being spread around indicates they are working on something else, but I doubt it's a car.
Battery technology in this case would be so much more than just cars. Imagine having a cell phone you could abuse for weeks at a time without charging? Or a laptop that only needs to be charged once a month no matter how much you use it.
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