Apple Inc. shares AAPL,
Closed on Monday after a report that the tech giant focuses on 2024 as the year it will produce a passenger car.
Apple plans to move forward with its own version of self-driving car technology, including a “groundbreaking” battery design following a project that began in 2014, Reuters reported, citing people familiar with the case. Apple declined to comment to Reuters on its plans.
Apple shares finished 1.2% at $ 128.23, after falling a whopping 2.5% earlier in the session, with a noticeable gain right after the report came late in the session.
Tesla Inc. shares TSLA,
ended 6.5% lower at $ 649.86 after a session in which the stock hit an intraday record of 3.8% below Friday’s closing price, and fell immediately after the report was released.