Just staggers me that Elon could have just… not done any of this. And yet here we are. He’s had to sell billions in Tesla stock to finance this ongoing mayhem, this is surely going to be up there as one of the greatest examples of hubris in modern business.
It's hard to overstate what a crucial time this is for Tesla. They had early-adopter success when they had the field to themselves. But now every major car company plus a bunch of other people (possibly including Apple) are coming for them. Pivoting to the mainstream market and fending off all the competition is going to take both dedication and gobs of capital. Capital that is going going to be harder to raise with a distracted CEO and a bunch of investors who've had their fingers burned.