Posted on February 12, 2015 by Matt Pressman
Earlier this week, it was reported that "Apple's latest [automotive] project is too exciting to pass up," an unnamed Apple employee is said to have told BusinessInsider. "I think it will change the landscape and give Tesla a run for its money." This was coming off a statement last week from Elon Musk explaining, ""Apple tries very hard to recruit from Tesla... but so far they've actually recruited very few people."
There have been many who have compared Elon Musk to Steve Jobs recently. But, things got even more interesting on last night's Tesla Motors (TSLA) fourth quarter earnings call, when Musk told investors that Tesla could be worth $700 billion by 2025 explaining, "our [Tesla's] market cap would be basically the same as Apple's is today."
Source: CNN Money
As always, Tesla's earnings call was received with some controversy - such bold statements got the attention of many analysts and media pundits alike. Of all the buzz today, there was an interview that presented a logical, measured response explaining why Tesla is the "Apple of Cars" and why it's such an innovative (and compelling) company to invest in, check out the CNBC video below.
Regardless of your view on the matter, it will be interesting to watch this coming decade as Tesla transforms the automotive space in much the way that Apple transformed the personal computing space last decade.
Note: if you missed the 4Q TSLA earnings call last night, here is the entire call (Elon's Apple remarks are at 15 min).