I want this to be true, but I don't think it is. Tesla's margins are really high compared to legacy Auto makers. I honestly wish Elon would disappear in a puff of smoke, but I have not seen anything that seems to indicate that the company is actually going to start losing money soon. Even if they never roll out fsd release (aka not beta). Unless he sucks money out of the car business and into the robot business? But I don't think that's currently happening at a level to kill the entire company.

I do agree however that legacies will catch up. I think Ford's ev looking like a regular truck is a stroke of genius that will actually propel the masses towards EVs rather than only targeting nerdy demographics. Rivian looks great too. So do the Audi e Tron variants and the latest Nissan leaf and ariya. The list goes on. I think the legacies will catch up on mass production of EVs, but new platforms and new assembly lines are expensive and Tesla does have 10 years of amortizing those costs. I don't think Tesla's going to disappear when they have strong price gouging capabilities and strong price undercutting capabilities.