If the new solid state batteries Ford is developing pan out, and Tesla doesn't match or beat, that could be a shift in the tide. It's rumored for 500+ mile range (vs 300 for Teslas).
https://www.bloomberg.com/news/artic...-start-in-2022
That being said, they don't expect them to be vehicle ready till 2026 or so - I'd be willing to bet the talent at Tesla beats them to the punch by 2024 or so. I've been very hesitant to buy in and now I'm kicking myself for not buying more (only have 10 shares I bought around $250). As pointed out above, they could very well materialize multiple income streams and skyrocket earnings once they solidify. Right now still seems to be foundation-laying mode and Elon's paving a very, very large foundation to build on. I'm thinking even at $700, this could still be worth buying into - Amazon's market cap is $1.6T. Apple's is $2.3T. At $660B Tesla is definitely no longer at the ground floor, but they're nowhere near the top yet either. I'd say I'm about 70/30 in favor of bullish on them.