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Over the past year, I’ve argued that Apple should not have spent its considerable cash hoard on stock buybacks and dividends.  Instead, I’ve stated I thought Apple’s shareholders and customers would be better served by it spending its earned money on new products – either by acquisition or by internal investment.

Of all the possible investments or acquisitions they could make, I argued that the most attractive prize would be the electric car company Tesla.

Late Friday, a report emerged in the Wall Street Journal that Apple has over 1000 engineers currently working on a new project to build its own car.



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Are You More Surprised That Apple Is Making A Car, Or That They Didn't Just Buy Tesla?

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