Tesla stock price is based on 'CEO Founder Bitcoin Hype Mania and Rockets'. Companies with visible, bold, charismatic leaders tend to bring a disproportionate

Tesla stock price is based on 'CEO Founder Bitcoin Hype Mania and Rockets'. Companies with visible, bold, charismatic leaders tend to bring a disproportionate amount of attention and hype to a stock. If that CEO can paint an 'Unlimited Future' because they are doing something new, in a big market, the stock takes on some odd characteristics. People become 'believes' as much as investors, more so among small retail investors who can collectively drive the stock up. Your point about 'Self Driving' is reasonable, but I don't think a 'few years advantage' is going to help the winners. Why? Because 'Self Driving' will be phased in over decades. It's not going to 'turn on'. There might be some shakeup, but it seems at least one German, Japanese and American auto maker will have the wherewithal to 'keep up' to norms. Most importantly, in the long run, people are price sensitive and for cars they care about brand to the extent it's related to quality. Late stage buyers are of a different mindset than early stage aspirational Tesla owners. As far as this 10% failure rate, it's hard to say - Tesla has good brand positioning, but a constant stream of these headlines won't bode well for them. Outside of American, Nationalism is 'normal' but it's generally not of the flag-waiving kind, it's more basic ethnocentrism. Germans take their cars very seriously and I wonder if after a stage of Tesla fertilization, they return to their 'Superior German Technology'.