> It’s the same narrative as in fintech. Banks and Autos have a pretty similar moat - legal/regulation/compliance. Agreed, having worked in fintech I can say

> It’s the same narrative as in fintech. Banks and Autos have a pretty similar moat - legal/regulation/compliance. Agreed, having worked in fintech I can say with absolute confidence that the regulatory nightmare of entering new Markets is often harder than solving the actual payment processing. Luckily, I got to operate in a gray zone wherein I couldn't take funding since I couldn't incorporate but I could operate on a shoes string budget and work in the Auto Industry as a day job. There was no moat to create, for us, though. > And I will add to this - as a Tesla driver for 4 years, I think sooner or later Musk’s strategy of playing chicken and just weaseling around / muscling through various investigations, and general attitude around compliance with regulations.. is going to blow up in their face. It's expected, his brand of over promising has made him the darling of the VC and retail investor class which to be honest matter more than the issues thye've had tn encounter thus far. But, just as yourself, I feel that this is starting to come to an end: his problem with the SEC, FAA, and now with who ever is trying to pin him to that twitter deal will likely land him in extremely difficult positions. FSD and the yoke steering wheel each had their own hurdles, but it's not clear that this can go on much longer; it's not just bad PR, it's putting an even bigger target on his back with seemingly more risk than reward. It's been a pretty insane thing to see how Tesla's market cap was higher than all car makes combined last year, it still seems entirely insane to say that.