I think the software component is truly underestimated. It's been said that Tesla is really a software company that happens to build cars, and I can believe it. I'm not sure that VW, GM, or Ford will ever be able to compete on the software front, they just don't have it in their DNA.

I kinda view it like Silicon Valley; there's nothing intrinsic about the specific place on the map that makes it a great place to develop software. But other places just can't seem to replicate it. I've heard talk of Silicon Alley in NYC but it doesn't seem to compare. I'm not sure it's possible to recreate SV somewhere else, just like I'm not sure it's possible to recreate Tesla inside GM.