Essential Phone Has Turned Into The Tesla Of Smartphones

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Andy Rubin’s Essential Phone is still pending to go on sale but that is not stopping the financial reports from sharing that the company is now valued above $1 billion.

Yes, you read that right. These reports were further confirmed by Tim Culpan, who revealed on Twitter that Essential is now a unicorn in the smartphone scene.

Clearly, the valuation is measured by the company’s capital and market speculations. It is just like Tesla when the carmaker first broke into the automotive scene.

But today, Tesla is now living up to the expectation of the masses after launching the Model 3 in a timely manner. The question is can the Essential Phone turn those speculations into reality?