It’s also not the future SV is incentivized to build. They want everything for rent, nothing can be owned.

Luckily, China is on the verge of a true breakout, I’m not sure what exactly it will be - but I’d make a very large wager the “next iPhone” is Chinese, and will constitute a full blown “Sputnik moment” for the US and SV.

If Americans weren’t forbidden to own Chinese EVs they’d know this. But tariffs mean the breakthrough will be even more unexpected.

Since Chinese actually “sell stuff” I’m guessing their unbeatable lead in AI efficiency, manufacturing, and distribution will produce a step change breakthrough within a decade.