Apple is seeking an 800,000-square-foot warehouse to work on the Apple Car, according to a West Coast real estate giant, who claims space for developing electric vehicles is currently “a hot demand item” in Silicon Valley.

Upstarts like Apple and Alphabet are apparently competing with traditional automakers to set up shop for next-gen research facilities in the tech mecca.

Apple may have reached peak iPhone this quarter after posting declining revenues for the first time since 2003, but rest assured the company is working on the next big thing. 

Tim Cook boasted about the amazingly innovative products coming down Apple’s pipeline, and the company’s latest spending figures show its throwing more money than ever at new ideas. 

Progress on the Apple Car is coming along faster than anticipated after Project Titan hit some speed bumps earlier this year.

Based on a batch of new hires, it appears that Apple Car parts may have already entered the prototyping phase at the company’s Product Realization Lab, where machinists and engineers produce and test product designs.

Apple’s not-so-secret electric car project has added yet another Telsa engineer to its growing ranks.

Former Telsa VP of Vehicle Engineering Chris Porritt has reportedly been hired by Apple. Porritt also recently worked at Aston Martin as chief engineer. Now he’ll be working on “special projects” at Apple — like Project Titan.