Apple shares rise on report of self-driving car launch by 2024
Apple's shares jumped nearly 5% on Tuesday, following a Reuters report of the company aiming to launch its self-driving passenger car by 2024. Shares of Velodyne Lidar, a supplier of lidar systems for Apple's fleet of self-driving test vehicles, rose 14%. Apple's automotive unit, known as Project Titan, was established in 2014 with a former Tesla executive at its helm.