Calling It Quits 🚗

Calling It Quits

Beginning in 2014, mega-cap tech titan Apple was rumored to begin developing outside its normal product range. As a competition to Tesla, Apple was allegedly entering the electric vehicle space; as a secretive effort along a team dubbed the Special Projects Group, Apple recruited automotive engineers to establish autonomous vehicles nearly 10 years ago. Now, as reported on Tuesday, Apple has seemingly given up on these grandiose plans to continue its engineering efforts for its EV.

Although the news may not seem significant as the process was tight-knit, the reports of Apple’s venture have kept true fans of the company enticed for the past several years. The divestiture of the rumored EV business may also signal Apple’s attempt to pursue new ventures more closely related to its current product line. One of these may be AI-powered phones, which have been on the landscape for the mobile communications industry this year. During its last customer-facing conference, Apple hinted that its own AI advancements will come to the surface this fall. Although the transition into AI is currently shrouded in mystery, it has been assumed that it may involve either generative tools, iPhone implementation, or more. As the trillion-dollar company continues to make headlines, investors should continue to track the biggest headlines for these mega-caps as their volatility has a strong impact on market movement.

he Mega-Credit Merger

learn

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.

 

ALL RIGHTS RESERVED © INVSTR LTD. 2024