Very true. As great of a car Tesla is and there's no reason to think it will continue to improve, Tesla is dependent on 2 markets: Californians and Chinese. Not such a big problem with Californians if he starts developing new and interesting models.

The Chinese problem, is however, the biggest. Much of Musks "quirky" behavior related to crypto has its roots in China. Where China goes on this subject, so must Musk if he wants to keep his market share. At least 29% of his sales are in China and easily 50% or more of his supply chain. And, as we know from Hollywood's and the NBA's experience, the minute you swerve (intentionally or accidently) from a CPC-approved opinion... game-over.

So watch what he says or does about China and be ready to buy or sell on that signal.