The automobile industry was jolted yesterday by reports on Apple developing its own electric vehicle.
Though the development has the potential to be disruptive for EV automakers, the impact could be even larger for companies betting on fuel cells if the $740B Cupertino giant takes a strong position in the EV vs. hydrogen debate through a partnership or vehicle introduction.
Shares of Tesla Motors only showed a mild reaction to the Apple reports yesterday during the regular session and AH trading.