[ryanwaggoner]

What is their moat though? Apple has a bunch of moats:

1) Brand cachet

2) Supply chain prowess

3) Software lock-in (it’s a pain just to switch away yourself)

4) Social lock-in (it’s a pain to switch away from what your family and friends are on)

I’m not arguing in favor of these btw.

Cars don’t have 3 or 4. Musk is rapidly destroying 1.

Can Tesla really beat Toyota at supply chain? Color me extremely skeptical.

So that leaves what, FSD? I mean, I guess maybe Tesla will both get to actual safe, reliable self-driving first in a way that people choose Tesla over other cars, and they’ll somehow maintain that position even when Waymo or others start licensing their tech to everyone. But there’s no evidence for that. The evidence seems to point to FSD being a dangerous fraud that’s stuck on a dead end road with little ability to make a u-turn. Just like their so-called Full Self Driving performs in real life :)