Is The Tesla Model 3 The iPhone Of Cars – Video

2 days ago by Steven Loveday 12

Will the Tesla Model 3 be a game changer like the iPhone, forcing the hands of others to follow suit?

This is surely not something that we haven’t heard before. The comparisons between Tesla and Apple, and that of Elon Musk and Steve Jobs, have been longstanding. There’s even the occasional age-old merger or partnership suggestion still finding its way into the press from time to time.

Tesla Model 3

Tesla Model 3 – My Tesla Phone App as Key

Just a few months back, prior to the Model 3 handover event, co-founder of Loup Ventures and former Apple analyst, Gene Munster, compared the Model 3’s anticipated impact on the automotive industry to that of the Apple iPhone. He published a more recent report stating that the Model 3 is set to change the world.

If Tesla is ultimately successful with the Model 3, like the iPhone, it should work as a benefit to the industry as a whole. Perhaps it will never be the leader in the segment, or it will lead for an indefinite time until others come along. This is something that we can’t really forecast. However it plays out, we can only hope that the Model 3 is the game changer that it aims to be.

What do you think? Is the Tesla Model 3 the one and only monumental factor that will move to change the automotive industry as we know it? Can Tesla truly succeed so as to make it inevitable?

Video Description via Teslanomics by Ben Sullins on YouTube:

The Tesla Model 3 is poised to change the car industry forever, similar to what the iPhone did for the cellphone market, but will Tesla come out on top? 

Gene Munster, longtime Apple analyst and co-founder of Loup Ventures, put out a report recently stating that “MODEL 3 COULD CHANGE THE WORLD” In his report they say that their study shows the Tesla Model 3 will only cost 13% more than a Toyota Camry over a 5 year period, even though the Camry costs about 40% less initially.

This minor cost difference, they believe, will grow Tesla’s total addressable market 11 million people, 11 times more than their current estimated market of 1 million people. That’s a significant bump!

If they were to capture just 25% of that 11 million person market then Tesla would rake in 105B, likely pushing up their stock price and making them the most valuable auto maker in the world. But let’s think about this for a minute, how did the iPhone become such a game changer for the smartphone market?

Apple began working on a multi-touch display that would allow you to type directly on a screen without the need for a keyboard. At the time this was unheard of other than in tablet computers. After developing this technology, Steve Jobs further pushed the envelope by wanting this to work on a mobile phone, again, completely unheard of.

The most popular phone at the time was the Motorola Razr because of how thin it was and how sleek everything seemed at the time. I had a much geekier phone, the HTC Excalibur 🙂

Yes, I’m a nerd…But I can say that when I was first reading about the iPhone was doing so by tethering my laptop to this phone for my internet connection, a feature Apple wouldn’t offer in the iPhone for years to come.

In 2007 Steve Jobs unveiled the iPhone to the world in what has to be the greatest product launch of all-time…In his address, Jobs said, “I have been looking forward to this for two and a half years”, and that “today, Apple is going to reinvent the phone.”[18] Jobs introduced the iPhone as a combination of three devices: a “widescreen iPod with touch controls”; a “revolutionary mobile phone”; and a “breakthrough Internet communicator”.

So the rest is history, right? The iPhone came out, and that’s all anyone bought, right? Well, not exactly…

You might be surprised to know that even today Android is by far the more popular device around the world making up over 85% of smartphone sales compared to Apple’s 13.8% In the USA the story is the same with Android phones far outselling iPhones, even though most people likely assume everyone has an iPhone.

Truth be told, I just recently switch to an iPhone and had been an Android user since their first device, the G1. This happened because the iPhone is really expensive and Android offers a similar experience for a fraction of the cost. To make things worse on this front, the next iPhone is rumored to cost over $1,000 US putting it out of reach for literally Billions of people around the world.

So the iPhone, ubiquitous when you think about the modern smartphone, isn’t the world leader by any measure.

This hasn’t stopped Apple from becoming the world’s most valuable company, however, with a current market cap of over 800B dollars, on their way to becoming the first company to be worth more than 1 Trillion dollars. Without the iPhone, Android wouldn’t have taken off and companies like Samsung that famously copy their designs wouldn’t be nearly as successful, on the flip side Apple wouldn’t be as challenged to keep pushing their designs and technology to new heights.

So if the Tesla Model 3 can pull this off, the bigger impact on the world won’t necessarily be all to their benefit. Rather, we will benefit us all as every other car maker will need to change their ways. Otherwise face the same fate as the Motorolas, Nokias, and Blackberries of the world.

I’d love to know what you think, will the Model 3 change the game and force all other car makers to copy their design or is it just another car on the market?

Below is the original Bloomberg TV interview with Gene Munster:

Source: Teslanomics

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13 responses to "Is The Tesla Model 3 The iPhone Of Cars – Video"

  1. a-kindred-soul says:

    It already has changed the industry, even before hitting the road.

  2. mxs says:

    Certainly not an iPhone profit wise, and hopefully not price wise, when all is set and done.

    It’s impact is yet to be seen in years to come. I don’t think it will be a car which design others will copy. Not at all, since there’s many other cars which look very good already, all they miss is the EV drive train/platform.

  3. Mister G says:

    HELL YES..GO TESLA GO DESTROY DIRTY GAS GUZZLERS

  4. Mint says:

    The Model 3 is about as iPhone-ish as a car can get if you consider ICE -> EV is as big a hardware change as you’ll see in automobiles, and if you draw a parallel between charging and iOS/apps (with Tesla building their own charging network to make the user experience as good as possible). There’s also parallels with company-owned stores vs independents dealers.

    But I refuse to see Tesla as anything like Apple. Tesla took (and continues to take) huge financial gambles to revolutionize manufacturing, with battery production being the biggest example. They’re lowering cost, prioritizing domestic content, and reinvesting margins and raised capital (solar tiles, stationary storage, etc). Apple outsources everything, jacks up the price as high as they can, and uses profits to add to its mountain of capital.

    Furthermore, Apples as always been about vision, integration, and execution rather than innovation, IMO. Yeah, their SoC is fast, but they’d be 99% as successful if they just used slightly modified ARM cores. They didn’t advance screen tech/size, stylus tech, camera sensor or OIS, etc. Tesla, OTOH, is all about advancing technology.

    1. kbm3 says:

      I agree. Tesla’s biggest innovation is going to be another product altogether…

      The Alien Dreadnought Gigafactory.

  5. Priusmaniac says:

    I don’t see any connection between a car and a phone, it is just two completely different things. In more before the iphone there was already other phones like blackberry and Nokia that were great to and already using electricity and the same frequencies (I still use my Nokia E71 by the way). The Model 3 at the contrary is for the first time allowing easy and convenient long distance travel like absolutely never before (but the Model S but those are not accessible at all to the vast majority). This means that it now and only now becomes possible to have only an ev and not needing any other ice car. That is a complete revolution in transportation energy source. The i phone was a mere evolution of other phones already using electricity not gas.
    So it would be more appropriate to compare the Model 3 with the Rocket steam locomotive that also made realistic a fundamental transition from horse carriage to steam powered transportation.

  6. MTN Ranger says:

    Ben Sullins has officially ran out of Tesla numbers to chart. I’m surprised has hasn’t run exhaustive data sets comparing the charging speeds of the base versus long range model 3.

  7. Get Real says:

    Model 3 is revolutionary because it will be the first EV to be truly mass produced and sold as such.

    It will basically be the beginning of the real exponential growth phase of EVs.

    1. Mystery says:

      Don’t count your chickens. Wait to see how many of those 500k $1k reservations actually convert until Model 3 waiting list = 0.
      There are Plenty of cheaper electric and hybrid vehicles available. in the US, you aren’t going to change Many people minds just because it looks cool (the price is Not a Big Deal given US national debt). In the US, it’s only whether it is so Cool, like iPhone or has a real ecosystem (which Tesla Totally Does NOT have).
      For other countries, it might be different, but They will Always Root for the Home Team (China and Europe).
      The 500k is Not going to happen. in reality will see if TSLA can even keep annual volume at 100k, given peak Model S & X Already Reached to real end user customers

  8. BillT says:

    I actually think the model S was more revolutionary: First BEV that could go head to head with comparably priced ICE and beat them in what really matters in the end: SALES. I think model 3 caries on this “tradition” but against a different set of ICE vehicles (3 series, A4, C-class, IS). In my opinion excluding subsidies no other manufacturer has pulled this off or shows signs of doing it. Bolt EV and Leaf are still $5K-10K pre-subsidies more than comparable ICE.

    Agree with other posters that the Gigafactory and possibly the simplified model Y are likely to be even bigger.

  9. Four Electrics says:

    Name me one thing an EV can do, functionality wise, that an ICE cannot. There is nothing. In that respect it is nothing like the iPhone. It is a faster horse.

    Self driving cars, on the other hand, will be as revolutionary as the iPhone, but there is no evidence Tesla will get there first, and there’s nothing that requires a self driving car be a BEV.

    1. Mystery says:

      Agree. Everyone Who wants a car Has One. If you think it’s more convenient stopping at Harris Ranch (cowdung capital of the world), on the way to LA to SF to Supercharge, rather than travel non-stop in a luxury BMW or as you say selfdriving chauffered car (which is what Most people in rich nations such as China Singapore Hongkong Malaysia expect), i guess the Bar for making life simpler is much lower for MAGA citizens. It’s all the Musk reality distortion field. Anyone who isn’t keeping their Model whatever for 5 yrs, should eat their own green-tree hugger nonsense. It’s your rattle toy show-n-tell – perfectly fine but own it.

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