For a long time now, it is being rumored that Apple has developed an automobile wing of its own to develop the rumored iCar. New batch of information claim that the company is getting towards a point where they would show a concept car, at the least.

The name of the iCar is now known as Project Titan. Apple has already recruited a lot of key members from the electric car maker Tesla to help them in research and development. While they have not confirmed it, it is known that the company will start with a fully electric vehicle similar to what Tesla and Faraday Future are doing. Apple, being a technology company, may hardly have any interest in making a traditional gasoline powered car.

Now, the biggest rumor comes from Elon Musk, CEO of Tesla. He is probably the most frustrated person of them all, because Apple has managed to lure many of his top engineers into building an electric car for them. They have made it possible to bring the engineers in by offering amazing salaries, extra hike and yearly bonus to ensure they decide to quit Tesla permanently.

Talking to the show host, Elon Musk said, “It is definitely not an easy task to hide when there are thousands of engineers working on the same project. And, building a car is something no company could do without letting everyone else know”.

While he commented on the possible existence of an Apple iCar, Musk added that Tesla had nothing to be intimidated by a technology company making a car of their own. He has been making his presence felt in multiple scenarios including space exploration.

“Creating an electric vehicle is definitely a welcome addition to the entire industry. Tesla will continue to make the best electric cars and it will be our most prioritized goal all the time. However, we are also interested in helping other companies who are interested in making EVs. It will help the automobile move forward in the right direction and pave the way for a world free of emission”, Musk added.

A new entrant named Faraday Future is now in the game and they are launching a concept car capable of producing 1000 horsepower. It is purely a claim that is yet to be proved, while Apple is silently making its rumored iCar. We may see an official concept, maybe this year or the next.