Apple in Talks with Rivian on Potential EV Partnership

👉 Key Highlights:
📍 Apple rumored to be in discussions with EV maker Rivian for a potential partnership.
📍 Talks come after the cancellation of Apple's Project Titan car initiative.
📍 Rivian stock surged 8% in premarket trading; Apple stock saw modest gains.
📍 Both companies have key events this week: Apple's product launch and Rivian's earnings report.
📍 Details of the potential partnership remain unclear amidst speculative talks.

👉 Context/Background:
Following the discontinuation of its autonomous vehicle project, Apple's potential collaboration with Rivian could signal a new direction in its automotive strategy.

👉 Why This Matters:
📍 A partnership could leverage Apple's tech expertise with Rivian's EV innovations, possibly reshaping the EV market dynamics.
📍 Reflects Apple's ongoing interest in expanding its footprint in the automotive sector.