The Future Of Cars: A Few Thoughts On Innovation In The Automotive Sector – Entrepreneur

The Future Of Cars: A Few Thoughts On Innovation In The Automotive Sector – Entrepreneur

The recent deal, then no-deal, between Apple and Hyundai got me thinking about the future of cars. After 100 years of incremental innovation in the automotive industry, it seems like this is the decade for real change to happen.  Apple wants into the market, and it has done so since 2018. It first started talks over a car partnership in 2018, another person familiar with the matter previously told Reuters. Although the no-deal with Hyundai is no doubt a setback for Apple, it will be interesting to see how quickly it can progress with its plans to overcome this challenge, with the determination it needs to succeed.At the same time, Tesla sees 50% average annual growth in vehicle deliveries, with 2021 expected to be faster than that pace. In 2020, deliveries grew 36% to 499,647. The company reported adjusted earnings of 80 cents per share, missing estimates of 90 cents. Still, earnings leapt 95% from the year-ago period, and it was its sixth straight quarter of profitability. Revenue jumped 46% to US$10.74 billion, topping estimates of $10.1 billion.General Motors (GM)