CEO, Elon Musk, does not see Apple as a threat

It is old news that Apple has branched into the electric carmaking business.

This is a field that was predominately owned by Tesla.

In light of this new competition, the CEO and owner, Elon Musk, says Apple is not a threat.

Musk says the iphone-maker's entry "will expand the industry."

"Tesla will still aspire to make the most compelling electric vehicles, and that would be our goal, while at the same time helping other companies to make electric cars as well."

He also spoke on Apple's refusal to formally announce it's entry into the automanufacturing world.

"It's pretty hard to hide something if you hire over a thousand engineers to do it."

READ: Apple resorts to destroying automaker to build car before due date

Last year, Musk gave his first opinion on Apple's entry into the car manufacturing industry.

While he mocked Apple's hiring skills, he commended their decision to join the automotive industry.

"They have hired people we’ve fired. We always jokingly call Apple the 'Tesla Graveyard.' If you don’t make it at Tesla, you go work at Apple. I’m not kidding.

"Seriously: It’s good that Apple is moving and investing in this direction. But cars are very complex compared to phones or smartwatches."

Do you think Apple stands a chance against Tesla?