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Investor Gene Munster said defense-tech company Anduril may be approaching a Tesla Model 3-style scaling moment, with 20 products and improving margins; Anduril’s president said the company has hired many people from Tesla’s Model 3 era.
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Gene Munster Says Anduril Is Having Its Own Tesla Model 3 Moment—Company President Says 'We've Hired a Lot' of People From That Era Defense company Anduril, co-founded by Palmer Luckey, may be on the verge of a Tesla Inc. (NASDAQ:TSLA) Model 3 moment, according to investor Gene Munster of Deepwater Asset Management. Anduril President Touts Major Product Ramp On Tuesday, Munster posted on the social media platform X, sharing a clip of Anduril President and Chief Business Officer Matthew Steckman‘s appearance on Deepwater’s Fathom podcast. Read Also: Morgan Stanley Analyst Says SPCX Will Be Cash Flow Positive by 2031, Four Years Earlier Than Expected—Cuts Borrowing Forecast by Nearly $280 Billion “Feels like Anduril is at its Tesla Model 3 moment, when Tesla tripled production and flipped to meaningful profitability,” the investor said. Steckman, during his appearance, said that Anduril had created “We basically created a whole bunch of potential energy in the system… and now it’s time to go kinetic; some of the products will go kinetic.” He added that Anduril was working on ramping up 20 products at the same time. Steckman said that the company refers to the Model 3’s “let’s bet the farm” example on a regular basis. “We’ve actually talked to a lot of people [who were] sort of involved in that period of time. We’ve actually hired a lot of them too,” Steckman said. In Munster’s post, he said that the company’s efforts to scale 20 products simultaneously may be even harder than Tesla’s Model 3 ramp. “Given the volume is booked, when Anduril hits scale, the margin story changes fast,” Munster said. Anduril is best known for its autonomous systems, military software and drone technology. The company recently secured a $1.8 billion contract from the U.S. Army to move its Next-Generation Command and Control system. Feels like Anduril is at its Tesla Model 3 moment, when Tesla tripled production and flipped to meaningful profitability. Here’s what their President @steck50 told us: "We basically created a whole bunch of potential energy in the system, and now it’s time to go kinetic." What… pic.twitter.com/SXIBKU5iF2 — Gene Munster (@munster_gene) November 3, 2026 Elon Musk’s Model 3 Production Ramp The Model 3 was released in 2017 as a more affordable vehicle in the Tesla lineup over the premium Model S and X. The vehicle was a success for Tesla, quickly rising to the upper echelons of the sales charts. However, Tesla faced pressure to ramp up production of the Model 3 to 5,000 units per week to meet demand, with Musk claiming he was sleeping under his desk, living in factories in Nevada and Fremont in 2018. Anduril’s Latest Share Sale Meanwhile, Anduril was letting its employees sell their shares at $94.80 each, extending eligibility to employees in 16 countries. Previous share sales were limited to staff in the U.S., Australia and the U.K. Earlier in October, Anduril had announced a partnership with Gecko Robotics to automate inspections across the defense company’s maritime manufacturing facilities, including the upcoming Arsenal-2 facility in Baltimore County, Maryland. Read Also: 'Throwback to 1984:' Apple's Mac Business Just Surged 24% — Top Analyst Says the Real Boom Is Only Getting Started Check out more of Benzinga’s Future Of Mobility coverage by following this link. Photo Courtesy: Tada Images on Shutterstock.com