Apple wants to produce electric cars as early as 2020

Apple-mania might reach a whole new level as soon as 2020. The company is working on an electric car, according to a Bloomberg report.

The tech giant has been accused of stealing employees from Tesla, offering $250,000 signing bonuses and 60 percent salary increases. Sources told Bloomberg that Apple already has a team of 200 people working on its electric car. The company apparently "sought out experts in technologies for batteries and robotics," Bloomberg reports.

Bloomberg also cites a lawsuit filed against Apple this month, alleging that Apple has started an "aggressive campaign to poach" employees from battery-making firms such as A123 Systems, as well as from Panasonic, Samsung, and Toshiba.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up