I'm not convinced Tesla's schizophrenic strategy is any worse than the strategy of the legacy American automakers, which is to sleepwalk directly into a volcano (when Chinese EV manufactures break into the market with $10k SUVs)
Won't the US government just keep raising tariffs to 'protect' America from those evil Chinese manufacturers?
In any case, just because the legacy incumbents might also be incompetent, doesn't excuse Tesla.
If they follow what they did with AI and make it open-source, I’m first in line to buy. The Spider-Man ads on BMW is just the beginning and even if you would never buy an open-source car, doesn’t mean it won’t keep the competition honest.
Honestly Ford is doing something right with the new Fathom truck, but mostly their catching up to Tesla in terms of manufacturing. The Chinese companies caught up and passed up Tesla in that game about a year ago.
At some point, the reality of being in a highly competitive market must set in and valuations need to come down to Earth.
The difference is in the valuation of those vs TSLA
Elon gambled with cybertruck and didn’t won. The winning strategy was to outcompete Chinese with smaller affordable vehicle. I would call it common sense strategy after all.