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One has to give it to Apple, for overcoming the "sunken cost fallacy". Supply is rapidly decreasing as a result of recent moves but it is probably in response to the demand, which itself has fallen short. The car market is more global than local.
Apple’s EV wind down offers reprieve to Tesla and Detroit rivals
Tesla may benefit the most from Apple’s about-face. The last thing Musk wanted a year after cutting prices on his vehicles by 25 per cent or more was a Silicon Valley rival with the same kind of high-tech appeal, Ramsey said.
“They certainly had the most downside,” he said. “Tesla benefits big time from being a status vehicle. And an Apple EV definitely would be a status vehicle.”
Celebrating the move, Musk on Tuesday (Feb 27) sent a post on X with a saluting emoji and a cigarette.
https://www.businesstimes.com.sg/compani...oit-rivals
Apple’s EV wind down offers reprieve to Tesla and Detroit rivals
Tesla may benefit the most from Apple’s about-face. The last thing Musk wanted a year after cutting prices on his vehicles by 25 per cent or more was a Silicon Valley rival with the same kind of high-tech appeal, Ramsey said.
“They certainly had the most downside,” he said. “Tesla benefits big time from being a status vehicle. And an Apple EV definitely would be a status vehicle.”
Celebrating the move, Musk on Tuesday (Feb 27) sent a post on X with a saluting emoji and a cigarette.
https://www.businesstimes.com.sg/compani...oit-rivals