[PhantomGremlin]

wheels, steering, axles, interior upholstery, steel frame, aluminum body panels, battery, etc

Musk has made the point that a lot of that stuff can be purchased from or outsourced to third parties. Which is what the traditional car companies now do. Which is what Tesla does.

The traditional manufacturers maintained their expertise in engines, but, ironically, that's one thing that Tesla had absolutely no use for anyway.

That being said, I do share your skepticism.