Tesla is like 'Apple 20 years ago,' Morgan Stanley says
The similarities between Tesla and Apple are increasing, according to Morgan Stanley analysts. It may be time for Tesla to consider an operations chief to eventually continue Musk's legacy, they said.That's been one of the key questions asked of Wall Street analysts in recent years. And depending on the shop, the name is usually covered alongside names like Ford and General Motors, or next to Amazon, Apple, and Uber.
"There are parallels to draw between Apple under Steve Jobs and Tesla under Elon Musk," Katy Huberty said, according to a transcript of the conversation sent to clients by Morgan Stanley on Thursday. It's not the first time the question of a right-hand COO to aid Musk in day-to-day operations has bubbled up from investors, though the idea may gain more traction this time around given the billionaire's other corporate ventures, tussles with federal and local authorities, and even a new child. Musk has rebutted the idea,: "If you have anyone who can do a better job, please let me know. They can have the job.
"Nobody else will devote every ounce of themselves to a company like the founder," she said. "With a founder, the company becomes their life and their life becomes their company. There are both positives and negatives to that dynamic.
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