Venture Capitalist Says Tesla Looks Like Apple in their Pre-iPhone Era

According to venture capitalist Chamath Palihapitiya, Tesla looks almost exactly like Apple did in their pre-iPhone days.

During the Sohn Conference, Palihapitiya decided to pitch Tesla as an investment, where he drew out some interesting similarities between Apple and Tesla. He said:

“What Apple did was create a tailwind of demand. Now let’s ask ourselves, is Tesla running the same playbook?”

The graph below shows a comparison between the iPhone vs the Model S in terms of market share since launch. It is interesting to see how the first five years of both graphs look almost identical in shape.

Palihapitiya believes that Tesla could eventually grab five percent market share of the entire automotive industry, which is saying a lot given that they only have about a tenth of a percent right now.

[via Electrek]