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> The difference seems to be that Tesla was 5-10 years ahead on everything...

This is pretty much the definition of a great tech product: it's ahead of anything else by N years. What makes a great technology company is that they manage to consistently maintain that lead with product after product.

We'll see if Tesla can maintain its lead. It's not looking good and it probably depends mostly on whether or not Elon Musk can regain his grip on reality.

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Tesla has already lost its lead as far as the car itself. The Ioniq is an affordable car and better than Tesla Model 3/Y. Mercedes and BMW have better luxury models with EQS and i7, and the BMW i4 is more fun to drive than a Model 3. The Cadillac Lyriq costs what a Model Y does but compares favorably to the Model X. Tesla interiors feel cheap compared to other cars in their same class and they have notorious build quality issues.

They do have one major advantage, which is why I still drive a Model S, and that's the Supercharger network. It's a big deal for anyone who regularly drives a few hundred miles in their EV.

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