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Apple Inc (AAPL)

Apple is targeting 2024 to produce an electric self-driving car with a battery design that could “radically” reduce the cost of batteries and increase the vehicle’s range.

That news took the shine off of Tesla’s debut on the S&P 500 yesterday, and boosted shares of companies like Velodyne and Luminar, which make laser sensors for the technology used in self-driving cars.

Tesla (TSLA)

Tesla shares are up 655% year-to-date, so its weak debut in the S&P 500 will not put a dent into its market cap.

Post Author: manacesbusiness

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