Is Tesla the Next Apple?

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Though Apple and Tesla may seem like two extremely different companies, they share some shocking similarities. 

For one, neither company has ever been concerned with iterative changes. While mobile-device makers were making incremental improvements on their handsets in a never-ending game of one-upmanship, Apple sat coolly on the sidelines rewriting the rules and then blindsided the industry with an elegant and totally new solution. 

Tesla seems to be doing the same thing in the auto industry. While automakers such as Ford and General Motors are locked in a constant battle of "me-too" improvements, Tesla has redesigned the automobile from the ground up and released a game-changer that people love. 

As Apple knows, bears may accuse Tesla's products of being too expensive for what they offer, or impractical for the everyday person. But fast-forward through several generations of iPods, iPhones, and iPads, and what Apple has achieved doesn't seem so ridiculous. 

Lastly, Both Apple and Tesla share managerial similarities. Tesla CEO Elon Musk has a very Steve Jobs-esque vision, with attention to detail, and a brilliance that the bears shouldn't bet against.

See more from the Fool's Austin Smith and Jeremy Phillips in the following video.

If you love the idea of game-changing technology but don't want to roll the dice on Tesla, The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (3) | Recommend This Article (13)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 24, 2013, at 7:10 PM, Ostrowsr wrote:

    Sure can see the similarity. a $300 electronic gadget versus a $40,000 investment in a car?

  • Report this Comment On March 24, 2013, at 7:12 PM, AjitC wrote:

    Tesla is not even close to Apple. Unlike Apple, Tesla does not a proprietary architecture that gave Apple a a huge advantage over the other smart phones. Tesla does not control the battery tech. Tesla does have battery management systems are proprietary but easily copied.

    What Tesla has is first mover advantage. It is not a sustainable competitive advantage. If and when battery tech advances - cost/KW-hr drops by half and energy density doubles - everybody will pile in. It even happened to Apple with the iPhone. However, long Apples did make a ton of money.

  • Report this Comment On March 25, 2013, at 3:03 PM, spawn44 wrote:

    Apple wasn't even the next Apple until it became Apple. I don't think anyone can predict that. If Tesla uses electric power generated from Coal or Natural Gas to generate horsepower does it actually release more CO2 into the atmosphere than a gas powered car, because of the added weight of the batteries?

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2329061, ~/Articles/ArticleHandler.aspx, 9/27/2016 1:51:53 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 4 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:00 PM
AAPL $112.88 Up +0.17 +0.15%
Apple CAPS Rating: ****
BBRY $7.82 Down -0.09 -1.14%
BlackBerry CAPS Rating: *
NOK $5.62 Down -0.04 -0.71%
Nokia CAPS Rating: **
TSLA $208.99 Up +1.54 +0.74%
Tesla Motors CAPS Rating: **