Jul. 25 at 8:14 PM
$TSLA there are a bunch of stocks getting re-rated due to the Kimi K3 open source model and Tesla is one of them. what Kimi demonstrates that is there is almost no moat around these foundation models in terms of timeline to monetize. this will mean that the models might be superior in a limited area, but massive competition is around the corner for everything. what this means for tesla is that the self-driving vision will not be a durable moat. basically tesla has lost a decade lead and will be maybe one to two years ahead of real competition, which is not enough to establish dominance or a moat. additionally, there will be many robotic manufacturers and the probability is that some other company comes up with the hit product, not Tesla.
Sometimes it pays to be the fast follower. My concern for Tesla is that Musk is a liability in terms of execution (he is a visionary, but he gives away his dominant position rapidly with business flaws). I dont hate Tesla, just stating opinion.
