Can't win against irrational exuberance and fraud that isn't prosecuted in the capital markets ("voting machine vs weighing machine"). Just have to wait for failure of the enterprise, equity wipeout, and recapitalization under better human management (if you're optimizing for a company that actually manufacturers and sells a product vs a shell to pump a stock and enrich the board members who enable him with a lack of corporate governance). The factories and Supercharger network will remain intact under a reorganization.

Musk can move money around SpaceX/Tesla/XAI/whatever the next story to investors is to prop up valuations and share prices, but can he win against China's clean tech export machine? Long term, I think not (China is a third of global manufacturing capacity as of this comment, and the world is their TAM). So he'll do the tech bro thing, giving talks, going to demo days, spending his wealth on pet projects, etc, while innovators innovate and point the firehose of these products at the world. Are you going to talk people out of his religion? Unlikely. The faithful will remain so, because that's how the human brain sometimes operates.

Ember Energy: China Cleantech Exports Data Explorer - https://ember-energy.org/data/china-cleantech-exports-data-e... (updated monthly) ("In 2024, China produced around 80% of the world’s solar PV modules and battery cells, and 70% of electric vehicles.")

US warns China overproducing EVs, batteries, semiconductors for global dominance - https://news.ycombinator.com/item?id=41909869 - October 2024

China's Batteries Are Now Cheap Enough to Power Huge Shifts - https://news.ycombinator.com/item?id=40954508 - July 2024

China Already Makes as Many Batteries as the Entire World Wants - https://news.ycombinator.com/item?id=40933773 - July 2024

(as of this comment, ~50% of light vehicle sales in China are NEVs [battery electric of plug in hybrid] while exporting ~6M units/year, more than total annual US light vehicle sales)