Southern Finance, February 29th (Xinhua) - When discussing the origin of Apple's automotive project, insiders said that at the time, Apple had just completed the AppleWatch project, and many engineers were eager to start new work. Apple CEO Cook approved the automotive project in part to prevent engineers from flowing out to Tesla. According to insiders, Apple needs to find new ways to expand its business, and the company expects iPhone sales to slow down in the coming years. Automobiles are part of the $2 trillion transportation industry, which would greatly benefit Apple's business, which was already close to $200 billion at the time. Insiders also said that Apple had some discussions with Musk regarding the acquisition of Tesla, but ultimately decided to build its own car because manufacturing its own car is more meaningful than acquiring and integrating another company. (Interface News)