[mholm]

If a teenager on your street said he was going to spend $1,000 to customize his Honda Civic for his needs, you'd believe him. If he says he's going to build a brand new car, better than a Honda civic, for $10,000, you'd laugh and say good luck.

[bigfudge]

But if a teenager says he’s going to spend 50k going to university to study engineering you might support then.

I agree there is likely some hubris in this sort of announcement, but investing in European expertise and industrial base in this area is important.