Jefferies analysts expect iCar to be cheaper than Tesla's Model S
An Apple car has been in the rumour mill for about a year now. Even though Apple themselves have not revealed anything about the car, reports suggest that it has assigned hundreds of engineers for the top-secret “Project Titan”. Late last week Jefferies & Co. analysts released a research note which gave an estimated cost for the Apple car, putting it at around $55,000, which is obviously significantly less than the price of Tesla’s Model S.

Spoilt for choice

If you're hoping your next car will boast the sleek lines of an iPhone 6S, the power of the Apple Mac Pro, and enough room for an iPad Pro in the dash, then you'd better start saving. Like any product from Cupertino, the Apple Car won't be cheap.At least that's what tech analysts from Jefferies & Co are suggesting. According to alphr, a 68-page note from the analysts looking into Apple's automotive endeavour predicts that the car will retail for an average price of $55,000 (£36,000, AUS$75,000).While that's not as expensive as Tesla 's Model S, Apple's vehicle, which is heavily rumoured to be electric, could be entering a very different market if it launches in 2019.In four years time, electric vehicles will be more widely accepted, to the point that Jefferies & Co's analysts predict Apple will shift 200,000 units -- compared with the 55,000 cars Tesla is forecast to sell in 2015.Of course Apple's brand recognition will also contribute to such an expansion of the electric car market.Being an Apple product, it's also highly likely the vehicle will come in a range of trims both pricier and cheaper than the estimated $55,000 average -- Apple fans wanting a fruit-branded motor may discover a fleet that rages from a budget model with fluoroelastomer seat-belts, to a car with rose gold detailing that costs almost thirty times the entry model's price.