Tesla: no new car models, slumping sales, cybertruck flop, trouble dealing with governments over self-driving - but massive capital in their charging network which is now the de-facto standard
What you would expect: new or refreshed cars, more aggressive lobbying, big investment in charging network as a profit center
What we're getting: no new cars, massive layoffs in charging network and government relations while pivoting the company to self-driving taxi service...?
The thing with all of these Silicon Valley "transportation" companies is that they genuinely believe the only road to profitability is being "Uber, but without drivers" (this includes, of course, Uber itself).
Tesla could drop its auto manufacture and just make money off being a charging network. It could choose to be a car company and make good, high-quality cars. But they won't do either; they're going to engage in thrash and mission creep until they go bankrupt.
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