“Some Apple engineers on the project believe the company could release a product in five to seven years if Apple goes ahead with its plans. The car is nowhere near production stage, the people said, though they did warn timelines could change.” https://t.co/br9IjYr2gQ

— Patrick McGee (@PatrickMcGee_) January 7, 2021

Hyundai shares jump 18% after a report said Apple was in talks with the automaker on developing self-driving electric vehicles https://t.co/dsIgRxuDSG

— Bloomberg (@business) January 8, 2021

$9 billion in value created on “talks” about partnering to “develop” autonomous vehicles.

This level of speculative money in the US equity market is getting ridiculous. https://t.co/WXpspRjobF

— Martin Pelletier (@MPelletierCIO) January 8, 2021

Rough day over at the Hyundai PR department, who had to revise a statement -- twice -- that initially confirmed it was in talks with Apple on self-driving cars. The last version of the statement contained no reference to Apple at all. https://t.co/4IMKex3JjQ

— Gearoid Reidy (@GearoidReidy) January 8, 2021

Interesting that a potential Apple’s partner confirms something even if it is just about talking to them https://t.co/v0CzaCoDsE

— Carolina Milanesi (@caro_milanesi) January 8, 2021

HMC confirms that it is in discussion with Apple while saying it's at an early stage. The earlier report says, however, it's awaiting approval from its chairman Chung Eui-sun. https://t.co/d1QqMHi46A

— Subin Kim (@SubinBKim) January 8, 2021

Well, that deal is dead. https://t.co/lt6oKe9gKQ

— Stephen Hackett (@ismh) January 8, 2021

Don't expect the Apple Car anytime soon.

(Reuters previously said Apple targeting production by 2024, so this might seem a contradiction but could just be corroboration, if the engineers cited here are doing their best Scotty.) https://t.co/hlgSizZUbz

— Sean Hollister (@StarFire2258) January 7, 2021

And if we learned anything from the first iPad and Apple Watch: Don’t buy the first-gen Apple Car https://t.co/7whd06yyY2

— Geoffrey A. Fowler (@geoffreyfowler) January 7, 2021

On the one hand, cool that they are in talks

I'm the other hand:

They're only making the chips as of this moment. No actual car. Probably in talks to integrate them in future vehicles that aren't Apple x Company https://t.co/kCQbXXvVPj

— McGuire Wood (#CES2021) (@Jioriku) January 8, 2021

The greatest car that Apple has never released! https://t.co/ewkaZooCC9

— ᴺᴼᵀ Jony Ive (@JonyIveParody) January 7, 2021

Wow, an Apple car seems all but confirmed within this decade. https://t.co/ES08KgWB8Q

— Fabrizio (@FabrizioFrener) January 8, 2021

In a statement just obtained by @CNBC's @cherykang, the auto giant Hyundai says:

“We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor.
As the discussion is at its early stage, nothing has been decided.”

— Steve Kopack (@SteveKopack) January 8, 2021

Apple $AAPL thinks it's customers will want to ride in a Hyundai https://t.co/omyLUhjUwE

— Stocks to Buy (@stockstobuy) January 8, 2021

Presumably hoping that: a) the cost of LIDAR comes down and b) They can use their chip tech to do some really fast local ML processing to solve for the most difficult 5% of self-driving situations no one else has cracked yet. https://t.co/0o8Qncs1xv

— James O'Malley (@Psythor) January 7, 2021

Apple is working on a full self-driving car, but development is early with a launch at least half a decade away. Apple also moved Tesla’s former car interior head to car team, hired Tesla’s former Autopilot chief, and is working on a car chip. That & more: https://t.co/KIRURW69oD

— Mark Gurman (@markgurman) January 7, 2021

Hyundai has since tried to walk this back in its subsequent securities filings, but I am guessing that the statements today are now part of the narrative. Whatever talks there may have been could well have just been blown up by naming Apple publicly. https://t.co/U99ZZDu7k5

— Stephen Nellis (@StephenNellis) January 8, 2021

Apple could buy GM out of petty cash. And get it for its autonomous division. So it can always get into transportation if it wants to.

— 2022 (@Scobleizer) January 7, 2021

Thought they killed it and focused on an carOS instead. Anyway welcome back https://t.co/7wwBpGtE35

— 会長 ?? (@Nkwaten) January 7, 2021

in other words, apple is not working on a car, it's working on the feasibility of a car, and I strongly suspect that will end up as most of apple's weird side projects do: nothing https://t.co/jfuauLdQDI

— David 'cyberdunk' Ruddock (@RDRv3) January 7, 2021

What are the odds that they are still “in discussions”? https://t.co/MiA69qdj0d

— Harshil Shah (@_HarshilShah) January 8, 2021

Shares of @Hyundai climb more than 20% on potential #EV deal with Apple

Hyundai is downplaying reports that it is in talks with Apple to produce an #autonomous #EV, stating that discussions are still in the “early stage” and still undecided#automotive https://t.co/bttMKPhaO8 pic.twitter.com/yxBcMbJln6

— Wilko S. Wolters ???? #DigitalTransformation (@WSWMUC) January 8, 2021

Shares of Hyundai Motors Co. climb more than 20% on potential EV deal with Apple https://t.co/toqFb1xlYx

— John Rampton (@johnrampton) January 8, 2021

#TC #Apple Shares of Hyundai Motors Co. climb more than 20% on potential EV deal with Apple: Hyundai Motor Company is downplaying reports that it is in talks with Apple to produce an autonomous… https://t.co/vrzRWAc403 | https://t.co/mfR4u1I3JG | https://t.co/mfR4u1I3JG pic.twitter.com/f88eGUhCUj

— eStream Studios (@eStream_Studios) January 8, 2021

애플이 자율주행 가능한 전기차를 개발하고 있지만 아직 초기 단계에 불과해 본격적인 제품이 나올 때까지는 5~7년 가량 소요될 것으로 전망된다고… https://t.co/xCf8rkqFc0

— H. Kim (@metavital) January 8, 2021

New @markgurman piece on Apple's car efforts* with a lot of new detail, including lots of new personnel details and some tidbits about a custom chip - https://t.co/lhYCiDQT99

— Stephen Nellis (@StephenNellis) January 7, 2021

Hyundai confirms it’s talked to Apple about car projects https://t.co/bqOwWnqYoi by @lukedormehl pic.twitter.com/SO1BzyfN9O

— Cult of Mac (@cultofmac) January 8, 2021

Hyundai confirms discussions about building a car with #Apple https://t.co/lTYHqah3wM #tech #feedly #CES2021 #car #hyundai @PawlowskiMario @MargaretSiegien

— Nicolas Babin #CES2021 (@Nicochan33) January 8, 2021

현대자동차가 애플과 자율주행 전기차를 협력할 수 있다는 소식에 현대차 주가가 20%나 올랐습니다. 이제 논의 시작단계라 결정된 것은 없다고 하는데, 현대차가 애플의 생산공장을 자처할지.. 앱티브와 모셔널도 만든 마당인데. 지켜봐야 할 듯. https://t.co/4an8AASFa4

— 버섯돌이(Taehyun Kim) (@mushman1970) January 9, 2021

Apple’s R&D spending each year:

2020: $18.8 billion
2019: $16.2 billion
2018: $14.2 billion
2017: $11.6 billion
2016: $10.0 billion
2015: $8.1 billion
2014: $6.0 billion
2013: $4.5 billion
2012: $3.4 billion
2011: $2.4 billion
2010: $1.8 billionhttps://t.co/dMq4wEX8Ph

— Jon Erlichman (@JonErlichman) January 8, 2021

If this report that a driverless Apple EV will arrive in 5-7 years is accurate, that falls generally in line with all its rivals for an affordable, mass-market vehicle. https://t.co/nlV6iE3eZN

— Steve LeVine (@stevelevine) January 8, 2021

ICYMI: Hyundai confirms it’s talked to Apple about car projects https://t.co/bqOwWnqYoi by @lukedormehl

— Cult of Mac (@cultofmac) January 8, 2021