More than an hour into the call – the usual cutoff for these things – we are now finally getting some questions from analysts who’ve been waiting on the phone. The first question is a mostly glowing one from Pierre Ferragu comparing Tesla to the iPhone and the competition to the flip-phone makers.
Musk says it was obvious to him at the time that smartphones were the future. But he also says “the reality is that, in the future, most people are not going to buy cars.”
