Sunday, March 24, 2013

Is Tesla the Next Apple?

Though Apple and Tesla may seem like two extremely different companies, they share some shocking similarities.�

For one, neither company has ever been concerned with iterative changes. While mobile-device makers were making incremental improvements on their handsets in a never-ending game of one-upmanship, Apple sat coolly on the sidelines rewriting the rules and then blindsided the industry with an elegant and totally new solution.�

Tesla seems to be doing the same thing in the auto industry. While automakers such as Ford and General Motors are locked in a constant battle of "me-too" improvements, Tesla has redesigned the automobile from the ground up and released a game-changer that people love.�

As Apple knows, bears may accuse Tesla's products of being too expensive for what they offer, or impractical for the everyday person. But fast-forward through several generations of iPods, iPhones, and iPads, and what Apple has achieved doesn't seem so ridiculous.�

Lastly, Both Apple and Tesla share managerial similarities. Tesla CEO Elon Musk has a very Steve Jobs-esque vision, with attention to detail, and a brilliance that the bears shouldn't bet against.

See more from the Fool's Austin Smith and Jeremy Phillips in the following video.

If you love the idea of game-changing technology but don't want to roll the dice on Tesla, The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.

More Expert Advice from The Motley Fool Nokia's been struggling in a world of Apple and Android smartphone dominance. However, the company has banked its future on its next generation of Windows smartphones. Motley Fool analyst Charly Travers has created a new premium report that digs into both the opportunities and risks facing Nokia to help investors decide if the company is a buy or sell. To get started, simply click here now.

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