[Zigurd]

Agreed, and it shows that planning that takes into account project risk is very valuable. While Apple was spending what probably amounts to tens of billions on a car project, they never let that be a threat to their business or even to their valuation. So burning all that money was nearly a non-event, and didn't ding Tim Cook's reputation at all.

Tesla meanwhile is left short of the resources it will take to retain a leading position in EVs. The robotaxi announcement just adds risk.