Apple (AAPL) - Get Report could be on the fast track to a market capitalization of as much as $3 trillion - about a trillion more than where it is now - if the so-called Apple Car begins rolling off assembly lines and into peoples’ driveways.
That according to Citigroup analyst Jim Suva, who says he sees Cupertino, Calif-based Apple already on that road, even though an Apple car has yet to be confirmed by Apple or even seen on a drawing board.
TheStreet's Corey Goldman explains why analysts are bullish on Apple biting into the electric vehicle market, and how they see that adding to its bottom line and market cap down the road.
Latest Videos From TheStreet and Jim Cramer:
- Public.com COO on Trading Restrictions and Importance of Investing Education
- Understanding GameStop: What This Seasoned Investor Needs to See From WallStreetBets
- How Do You Short a Stock?
- What Is Happening to GameStop Stock? Jim Cramer Explains