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Analysts Believe Apple To Still Be A Threat To Tesla

15 Oct

Analysts Believe Apple To Still Be A Threat To Tesla

The smart phone making company has been holding on to a strong business lead so far and the fact that Tesla is not ready to consider it will not change the reality, according to the analysts

Apple Inc was recently discussed by the CEO of auto making giant Tesla Motors and the comments that were made towards the kind of relationship the auto makers have with the software giant made the industry pundits shake heads. Elon Musk, Tesla’s main force and CEO, was seen to make some harsh comments about the way the iPhone makers seem to be carrying their business forward taking away most of the auto giant’s engineers, by offering a higher salary to them. Previously, Musk has been quite amicable about towards the smart phone making company’s efforts being reportedly made to enter the auto industry, but the latest press release spoke otherwise.

Talking about Apple business working on an electric car, Elon Musk was seen to dismiss the topic roughly by talking about the Apple Watch instead, that too in a condescending tone. However, analysts and news reporters present at the scene turned out to have some negative comments about the attitude shown by Musk, as it is to be believed that by putting down the iPhone makers and their idea of making an electric car, they cannot deny how important the existence of the tech giant is in the industry, as whatever it does and whatever territory it enters, it sure does make a difference in it.

Analysts are also talking about how the harsh tone used against Apple by the CEO of the EV makers is actually not something that the smart phone needs to worry about, as it is rather an ignorant approach coming from an executive of the smart car maker. Furthermore, it is a known fact that the iPad owners have been taking away a number of employees from the smart car makers by offering them a better salary, which is clearly taken as a threat to the auto makers. However, in the same press release, Musk was seen to talk about how the employees that he does not want to use anymore are the only ones that Apple has its hands on, which is why he does not feel threatened in any way.

As for the sales and deliveries of the Apple Watch, which are believed to be a product that failed to be a successful one according to Musk, has been able to make sure that the sales target it set before the launch of the smart watch are being met very comfortably. The giant expected to sell around 10.5 million units of the watch in the current year and has reportedly already reached the target.

Apple stock was down 0.48% to $112.48 at market close on Monday Oct 12.

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Posted by on October 15, 2015 in Apple Inc, Finance News, Tesla Motors

 

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