Apple is planning to put an electric car on the market by 2020. No, Apple is planning to build a self-driving car. No, it’s not. It would be stupid to do so.
Rumors about Apple, which has the highest market capitalization of any company in the world, are an industry in itself, so the rumor world was thrilled to learn that Apple had leased a modest Dodge Caravan and was driving it around Silicon Valley festooned with cameras, Lidar, and other devices.
Meanwhile, Apple has hired hundreds of auto engineers away from Tesla, General Motors, Ford, and other companies with the goal of putting as many as 1,000 of them to work on the so-called Apple Car. (Ironically, less than a month after being fined more than $100 million for agreeing not to poach employees from Google, Adobe, and Intel, Apple is being sued by battery maker A123 for allegedly poaching its experts.)
