I'm right with you, but don't own TSLA, at least not directly. A few contrarian points:
- There cannot be just Teslas on the roads of the world. Their one size fits all approach leaves a lot of room for other manufacturers.
- Maybe many legacy automakers won't make it, especially if their electrification and R+D efforts continue to be as tepid as they are now. But there are other young companies in the wings. I find Rivian to be a very compelling brand, for example.
- I believe there will be a tipping point quite soon, where customer demand and regulatory pressure combine to create huge pressure on the market to deliver EVs. All manufacturers will scramble to meet that demand, including Tesla.