Deepwater’s Gene Munster compares Anduril’s momentum to Tesla’s Model 3 era, saying the company has hired heavily from that playbook

Investor Gene Munster of Deepwater Asset Management drew a comparison between Anduril and Tesla’s Model 3 era, arguing that the defense technology company may be entering its own “moment” of rapid momentum and organizational scaling. Munster’s view, reported by Yahoo Finance via Benzinga, was tied to remarks attributed to Anduril’s President about how the company has staffed and structured its teams as it grows.

In the account, Munster suggested that Anduril is benefiting from a talent pipeline that reflects the way Tesla built out execution capacity during the Model 3 period. The story specifically points to the Anduril President saying the company “hired a lot” of people from that era, using the Tesla ramp as shorthand for a culture of scaling production, tightening processes, and executing through complexity.

Munster framed the comparison in terms of organizational momentum rather than a direct technological analogy. The report does not describe any specific Anduril product release or contract win in detail, but it characterizes the present phase of the company as one where leadership believes the right people and practices are being put in place for the next stage of growth.

For context, Tesla’s Model 3 is widely understood as a benchmark program for scaling a mass-market vehicle, particularly in how the company translated early product challenges into repeatable manufacturing and engineering workflows. Munster’s comparison implies that Anduril may be moving from prototype-orientation toward the kind of operational discipline required for sustained delivery at scale, at least according to the hiring and organizational announcement he highlighted.