I hear you. And I believe disagreement is good. The markets were right back in 2018 - Tesla did manage to overcome their manufacturing struggles, and they did become profitable (now having retained earnings equal to ~65% of their then market cap).

The markets may well be wrong now. But they weren't back then, and the arguments haven't changed drastically.

Currently I'm sitting in Palo Alto. So I get to see a lot of Waymos and Cybercabs. I struggle to see how Waymo can compete on price if Tesla can keep production prices in the same realm as M3. And making a car is a pretty steep barrier to entry. So that edge may take some time to compete away.