Automakers lock consumers into rebill programs via debt, i.e. a car loan. Tesla locks consumers into rebill via equity, i.e. a nice car, conveniently iteratively upgradeable. Thus Tesla gains capital advantage because it has no liability after disposing of a car asset, while automakers generate debt liability. For every car manufactured, automakers create a liability for themselves, while Tesla creates an automated income stream. Consequently cash flows better in Tesla than in its competitors. Relative to that of automakers, Tesla cash flow increases exponentially. Tesla is competing on a different level. The automakers will be lucky to earn a spot on Tesla's platform. At the very least, Tesla has a first-mover advantage in a surprisingly new market.