Ouch.

Tesla should have had a new car model by now. Something comparable to BYD's midrange cars. Or a useful delivery van. Or a new roadster. Or something.

For some reason, most of the Cybertrucks seem to have disappeared. A year ago, they were common on Silicon Valley roads. Now I see more driverless Waymos mid-peninsula than Cybertrucks. It's been raining lately; maybe people don't want to take them out.

As for the value being in self-driving, there's no moat there. Ford and Mercedes have SAE level 3 systems about as good as Tesla's. Several Chinese auto companies have systems. Toyota is partnering with Waymo. Level 3 is just another car option.

It's 2026. Where are the Musk-promised Robotaxis? Do they have anything, anywhere, in revenue service with no driver in it? In this area, there is a moat, and Waymo is behind it.

There are at least eighteen companies with demo humanoid robots good enough to have Youtube videos. Again, Tesla has no moat. As far as I know, there are zero autonomous humanoid robots generating revenue. Autonomous human robots are going to be a thing, but probably about 5-10 years out.

And the door problem. There was no US regulation prohibiting a car door that can't be opened in an emergency because nobody was ever dumb enough to make one. Regulations are written in blood.

Consumer Reports: "On a newer Tesla Model Y, remove the mat from the bottom of the rear door pocket, press the red tab to remove an access door that reveals a mechanical release cable, and pull the cable."

Musk is getting paid how much for this?