Yep. The China situation is very indicative of their long term future issues. Tesla thrived because there was no competition, but now there is a growing amount of it - and from companies with better comparative advantages (the big auto manufacturers can deliver at scale - that's their advantage, as this becomes less about tech and more about scale they have a better advantage).

I spoke with several Tesla investors who kept calling the company a technology company, to which I would ask - which technology do they sell. Often the response was about the experience of OTA updates and charging networks and such, but I'd ask again what TECHNOLOGY do they sell and eventually we would all settle on the fact that they are an auto company in the narrow case and a fledgling energy company on the best case.