Cathie Wood - American investor, CEO of Ark Invest commented that Apple should have bought Tesla when the electric car company was struggling to develop the Model 3.
If it had bought Tesla early, Apple would now have the technology to develop self-driving cars. CNBC quoted Ms. Cathie Wood: "We have watched Apple very carefully for many years. What is an autonomous vehicle? It's a mobile device in its most optimal form," implying that the technology behind electric vehicles also has similarities with the types of mobile devices that Apple is selling.
Ms. Wood commented: “This is very difficult work. After all the management changes, we will be very surprised if they can accomplish their goals quickly." She was referring to the story of Apple's car unit constantly changing project leaders. The most recent person, software director Kevin Lynch, has no expertise in the automotive field.
CEO Ark Invest believes that autonomous electric vehicles should have been "Apple's market". “Apple should have bought Tesla when they were given the chance,” she said. But they didn't."
According to Thanh Nien newspaper