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The current EV manufacturers selling in the US have no way to fulfill 400k orders. The only reason some markets have EVs available on the lot now is because of the weak demand for that particular brand.
Tesla is cranking them out as fast as they can build 'em.
Losing a few customers to competitors isn't a problem so much as a minor loss of opportunity.
Tesla faces many problems, but 400k people wanting to buy a Model 3 isn't one of them.
...and besides all that, Elon said he expected the company to fail, and that his main goal was to advance the adoption of EVs in general. Mission accomplished. Whether Tesla survives or not doesn't really matter unless you have some financial stake in the company.
It's entertaining to watch and speculate on the future though. Those people taking a short position either know a lot more than I do (entirely possible), or get a much bigger thrill out of taking huge financial risks than me.
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