Gene Munster: Apple auto strategy unclear while Tesla makes conventional cars look like 'horses'

Source: evannex.com --- Sunday, July 02, 2017
One of the most famed Apple analysts, Gene Munster, commented on both Apple and Tesla related to their respective roles in the future of cars. Bloomberg reminds us that, " Munster was known for his accuracy in predicting Apple Inc. ’s financial potential. The company’s share price is almost 50 times greater now than when he first recommended the stock in June 2004. He’s ranked 11th out of 58 Apple analysts based on performance for the past year." Above: Tesla Model S at a Polo match (Image: Ecomento ) Munster told CNBC that "the reason investors are long Tesla is that there is a fundamental shift going on" — conventional cars will soon be viewed as "horses" compared with Teslas . Discussing the Model 3, Munster said that it's going to be "particularly cheap if you look at total cost of ownership." And he explained that, "The Model 3 is important, but what's more important is this bigger shift. Every Tesla that is shipping today is going to be fully autonomous in what Tesla is saying [will be] two years... this is going to be a huge shift in how we get around and Tesla is going to be a pioneer in this." Above: Munster impressed with Tesla (Source: CNBC ) While Munster remains bullish on Tesla, he seems unsure on Apple's plans to enter the automotive industry. In a recent Apple note to clients, Munster wrote, " We excluded auto from our model because Apple’s go to market strategy is unclear." Munster commented that Tim Cook's recen ...

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