Apple and Tesla’s Parallels 4/15/24
TechCheck
English - April 15, 2024 19:40 - 3 minutes - 3.38 MB - ★★★★★ - 51 ratingsTechnology Business Investing disruptors cnbc faang tech technology Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Apple and Tesla are the only two stocks in the Magnificent Seven that are still in the red this year, and shares of both are also sinking today on news that Tesla is laying off 10% of its workforce and Apple smartphone shipments are slumping. But it’s not just the stock declines that the two have in common. Some parallels are even more fundamental to the companies, including increased competition from China, both reportedly killing major car projects, and highly anticipated events this summer with a lot at stake.