Reading this, I had a thought come to mind that Tesla's brand might not be very valuable. I think everyone wants a Tesla because not many people have a Tesla. It's exclusive. But if I start seeing Teslas all over the place, I'm not going to be very interested in one anymore. It loses the mystique. And it used to be that electric cars weren't good looking, but I think that will improve as well. A Tesla will only have an advantage to the extent it has better features, but I if GM, Volvo, etc. do a decent job with self-driving cars, I don't see how Tesla can justify it's current valuation.