With waterfall-kind of planning, that would work. Unfortunately it got a bad name in the '90s and early '00s. The wild-west of inexperienced developers, who needed to solve business problems they didn't understand, combined with clients who didn't understand technology.
I believe this is a great period to do bigger things, and you see this happening with for example SpaceX, Tesla and Apple: space is happening again, companies are creating super specialized and complex ICs, there's actual business value and consumer value being produced, and projects are reasonably on time with these companies. This in constract with companies who, what it seems, do more of an iterative approach: Facebook, Google, Amazon. No huge innovation going there.
Apple is also very much in that corner. The smartphone existed long before the iPhone. They just packaged it and polished the concept so it made sense for a broader market (and they are/were really great at that), but how radical were they really? Revolutionary after a while perhaps (if you can be a slow revolutionary - seems a little bit contradictory), but technologically they just put a lot of existing techs together and packaged it differently than the existing players for a different market/crowd and had tremendous timing (I bet the smartphone revolution was coming either way, they just helped define the concept and bridge the gap from early adopters to mass market).
I don’t think the strategy you outlined will be enough. In addition to “advance batteries” I believe “full self-driving” as well as “mobility as a service”, “radically production-driven design”, and possibly “car bundled with energy production and storage devices” will be required for Tesla to hit their goal.
If you take those 4-5 things together I do believe that constitutes a total reinvention of the automobile.
Even the nuclear bomb was fairly incremental, with truly a big bang in the end.... (pun intended ;)