Tesla will deliver the "next big thing" in technology. Apple co-founder Steve Wozniak believes this will be the case when the company he established with Steve Jobs used to be the most forward-thinking innovator.

Wozniak told Bloomberg that Tesla founder Elon Musk is doing things no one has thought of yet and the company's risk will pay off in the future. He also said Musk has foresight when it comes to electric vehicles and self-driving or driverless cars.

"They started with a car -- the Tesla Model S -- that made little sense in engineering terms in how much you have to build for what price and what the market will be," Wozniak said. "It was really built for Elon's own life. What car would he like?" he added, citing that this kind of thinking is how great innovations are made.

For years, Apple was the leader in innovation. When the company released the iPhone in 2007, it was way ahead of its counterpart, the Android. Apple dominated the technology scene and changed the way people used gadgets.

But this domination only went as far as when Siri came out for the iPhone 4. With the impending release of the iPhone 8, a study revealed that the product is fast losing steam because Apple has not come up with any significant changes, according to Josh Lowitz of CIRP via BGR.

Sales of the most recent iPhone model dropped in the last year compared to previous years. Consumers were no longer interested in the iPhone's updated look and features since its 2014 releases.

Reports say, however, that Apple has plans to delve into self-driving car technology with Project Titan, as per Apple Insider. It will be creating the system inside the car but the rest of its engineering, such as the powertrain, will be from an automaker partner. Apple also plans on working on an artificial intelligence chip that can go into driverless cars, as Auto World News previously reported.

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