Tesla stock is worth a lot, and Musk is unquestionably the richest (known person) on earth. But I'm not sure how much actual capital Tesla has to work with. Before they start blowing money on things like racing, I'd hope that they would update their product line in a meaningful way and makes steps to stay ahead to ensure they can actually survive the coming onslaught of legacy OEMs getting into electric cars. Ford, Mercedes Benz, VAG, and Hyundai Kia seem to be throwing a lot, if not everything they have (and they have a lot more money, experience building cars and infrastructure to build cars) at becoming EV powerhouses. And Tesla has:
An aging sedan that goes fast in a market where sedans aren't really selling
A compact sedan that is pretty good in a market where sedans aren't really selling
A pretty ugly compact SUV that receives about 10% of Tesla's attention
A bigger but much dumber SUV that doesn't sell particularly well in a market dominated by SUV sales
An in the near(?) future:
A weird vanity pickup truck that might get built, sometime in the future, that will never sell in any meaningful volume (even if some people really really love it)
A generic looking sports car that even Tesla seems to have forgotten about but probably wouldn't sell in any meaningful volume best case scenario and at a comically low margin. I mean honestly, who builds an impractical low-volume supercar for anything less but huge per-unit profit? (Same argument can be made for the cybertruck, IMO)
A semi truck?
Tesla's product strategy is baffling to me. The only product that seems to get any love from the company is the now decade-old Model S and the passion project Cybertruck. There has been no evolution of the styling of the whole range (aside from the one-off Cybertruck) since the beginning. Everything just looks dated and boring. The interiors are converging into one hyper-minimalist and drab design that even Italian fascists might have thought was a little stark. I could forgive a lot about Tesla if I liked the way they look. These cars ride on a skateboard chassis....they could make them look however they wanted! As it happens, I hate how they look.
Nissan can you plz put the Idx body on the Nissan Leaf platform backwards? 230 miles of range, 215hp, 3-box shape, rwd, <4,000lbs. That's all I want. Somebody. Anybody!