Even into the present there are a lot of legitimate concerns about Tesla. The rate at which he wants to ramp up production, whether public demand will be there

Even into the present there are a lot of legitimate concerns about Tesla. The rate at which he wants to ramp up production, whether public demand will be there for the 3, etc etc. It was and still very much is an unknown for Musk to pull this off. Not disagreeing with you, just trying to underscore that Tesla still has a lot of risk in it. Edit: Also before the S no one had produced an EV with the range/polish to make anyone think they were anything more than a pipe dream at our current stage.