Can Elon Musk Learn From Steve Jobs? Tesla Bear Says 'Watch Your Competitors And Do It Better'

Tesla, Inc. TSLA CEO Elon Musk has carved a niche for himself in the business world by setting up multiple ventures that offer a lot of promise. An analogy between Musk and Apple, Inc. AAPL co-founder Steve Jobs came up for discussion in a recent bull-bear tug.

What Happened: Tesla bull Ross Gerber and bear Francisco Bido appeared on CNBC’s Street Fight late Tuesday to present the case for their respective thesis.

The easiest comparison for Tesla is to Apple, Inc. AAPL, Gerber said. Elaborating further, he said despite many companies producing phones, everybody still uses iPhones and Apple has captured 95% of the profits of the smartphone markets.

The reason why Tesla’s competitors are always behind and losing money is that they do not have the vision and they don’t see the future like Musk, Gerber said.

“They're doing things incrementally versus having a massive vision of what the future will be and building it,” the fund manager said. He mentioned rumors of Tesla's plan to build four million cars costing $25,000 each at its new Giga Mexico plant. Gerber noted that the company is already building the supply chain.

See Also: Everything You Need To Know About Tesla Stock

As ICE vehicles still account for 90% of the cars, the market opportunity is huge, and most, including Ford Motor Co. F and Rivian Automotive, Inc. RIVN, make great cars, Gerber said.

When you think about the future, Tesla is a leader in battery technology and it also works with lead battery manufacturers such as CATL and Panasonic Holdings Corp. PCRFY, he noted. Its massive factories globally and in-house battery manufacturing are its unique selling proposition, he suggested.

A Lesson From Apple: Tesla bear Bido took exception to Gerber’s analogy between Tesla and Apple. Jobs did not anticipate well, he said, adding that Apple came up with an MP3 player when there were others in the market and the tech giant just did a better one.

“So they didn't create any new technology. You just use existing technology and made it better so there is a lesson to learn from Apple,” he said.

“That's what I learned from them. Just watch your competitors, and do it better.”

Read Next: Can Tesla Deliver 2M EVs This Year? Top Analyst Says It's Possible With This Blueprint

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