EV Sector Updates: Tesla and Apple Shift Focus

Tesla has been involved in discussions about its future electric vehicles with conflicting reports emerging While Reuters reported the cancellation of Tesla's so-called "Model 2", the company's CEO Elon Musk refuted the claims, stating that they are focusing on the development of its next-gen electric vehicles, including self-driving "Robotaxi" models There seems to be a pivot in focus within Tesla, with an emphasis on the Robotaxi platform that might share technologies with the anticipated Model 2. Musk has signaled that new vehicle reveals could happen towards the end of this year, while production is slated to commence towards the end of 2025 In parallel, Apple has recently made a significant reduction in its workforce, particularly affecting the team of "Project Titan", which had been Apple's initiative into autonomous car development At least 614 employees have been laid off, marking a strategic realignment in the wake of the shutdown of its automobile program earlier this year. Although CEO Tim Cook hasn't provided a statement on the layoffs, the current steer is towards augmented investment in artificial intelligence rather than further exploration of self-driving car technologies.