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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE (AAPL)
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Delayed Quote. Delayed  - 08/14 10:00:01 pm
209.75 USD   +0.42%
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Apple : Doug Field, former Tesla engineering chief, returns to Apple

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08/10/2018 | 08:27pm CEST
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York

SAN FRANCISCO (Reuters) - Doug Field, who stepped down as the senior vice president of engineering at Tesla Inc last month, is returning to Apple Inc, Apple told Reuters on Thursday.

Field will be working with Apple executive Bob Mansfield, who has been heading up Apple's self-driving car program, Project Titan, according to Daring Fireball, a technology news website that earlier reported Field's move.

Apple did not comment on Field's new position. Field and Mansfield previously worked together on engineering Apple's line of Mac computers.

Field has spent the past five years at Tesla. In April, Tesla Chief Executive Elon Musk said in a tweet that he had asked Field to manage the company's engineering and production while Musk focused more time on Model 3 production.

But in May, reports emerged that Field was leaving the carmaker, which has raced to meet production targets for the Model 3. At the time, Tesla said Field was "just taking some time off to recharge and spend time with his family. He has not left Tesla."

In July, Tesla announced that Field had left Tesla.

Apple has said little about the scope of its self-driving car project, but court documents filed last month said that as many as 5,000 people were authorized inside the company to access information about the project.

(The story corrects to say that Field's move had been previously reported by technology website Daring Fireball.)

(Reporting by Stephen Nellis; Editing by Chris Gallagher)

By Stephen Nellis

Stocks mentioned in the article
ChangeLast1st jan.
APPLE 0.42% 209.75 Delayed Quote.23.94%
TESLA -2.46% 347.64 Delayed Quote.11.66%
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Financials ($)
Sales 2018 263 B
EBIT 2018 70 168 M
Net income 2018 58 610 M
Finance 2018 131 B
Yield 2018 1,29%
P/E ratio 2018 17,91
P/E ratio 2019 15,59
EV / Sales 2018 3,33x
EV / Sales 2019 3,26x
Capitalization 1 009 B
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Number of Analysts 39
Average target price 216 $
Spread / Average Target 3,2%
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Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer, SVP & VP-Human Resources
Kevin M. Lynch Vice President-Technology
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