Black Tesla Model X prototype with a trailer hitch and redesigned front end

Quite an interesting statement from Tesla CEO Elon Musk in last night’s earnings call. With all of the “Apple car” talk and fight for employees, it is interesting to note how big Tesla thinks the market for electric cars and lithium batteries will be in the coming decade (assuming 10% yoy growth and P/E ratio of 20).

For the record, I’ve also heard rumblings of an early vehicle program at Apple which could be an R&D exercise or turn into something significant. One of the leaders of the program recently left Apple for Oculus if that’s any indication of what kind of technology Apple is hoping to bring to the automotive world.

Also make sure to read about Elon Musk’s secret demand weapon to deploy on car dealers and new consumer battery product.

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Seth Weintraub's favorite gear