What Tesla did is more like what Apple did - massively expand the "smart phone" segment in the first place.
If you compare the Essential phone to a V30, S8, or Pixel, there's nothing anything near the difference of comparing an iPhone to a Nokia N95. Something that is so compelling it makes you not care about the other things the iPhone doesn't have that the Nokia does, like GPS and 3G. Similarly the Model S vs a 7 series: one has more bells and whistles, one is a fundamentally different product that a lot of people not very interested in the old option find much more compelling.
But high end luxury cars were a thing. Tesla wasn't competing with just electric cars, they were competing with all cars.
Small players in this market have to go to the ultra-niche extremes where you sell like 20 cars a year for millions of dollars per and usually still lose money.
The electric drive was the killer feature on the Tesla. Without it the car has no reason to exist.
Also, by luxury car standards the interior of a Tesla is absolutely subpar. They were competing against cars with handcrafted mahogany dashboards and precision stitched leather seats where people will spend hours and days fine tuning the static and moving resistance on the heater control knob to get it just perfect.
Such a thing really isn't possible in the cell phone market. A tiny shop can't build a phone notably better than an iPhone or a Galaxy. The only luxury phone provider I know about just glued diamonds on old dumbphones and went out of business.
Essential was apparently banking on people finding the modularity concept to be a killer feature worth a price premium, but that has not been the case apparently.