The plan appears to be to piss away a sum greater than the market cap of Rivian without refreshing the cars.

Here is another significant factor to consider --- Tesla is chasing these new markets --- not leading them.

To my knowledge, they have no really clear innovation to offer in these new areas.

They have yet to reasonably explain why/how their AI, robots, and "robotaxis" (which are "supervised" by safety drivers, either in the car itself or in a chase car or at a remote location via wireless hookup) are going to be better or cheaper or more capable than the established companies that have been in these markets for years.

But the real problem from an investment perspective is the fact that the stock is wildly overpriced (P/E 350) for a market chaser.