You might find it odd than I agree with most of what you say. Having worked with and around multiple countries financial systems I do agree that the SEC, Federal reserve System and the Controller fo the Currency have been steadily diminished in effectiveness since the Glass-Steagall Act, the McFadden Act and others ahem been repealed. That has been exacerbated when Bernie Madoff became Chairman of Nasdaq and led transition to electronic trading. The SEC lost control and failed even to understand the basic role of the DTC, no surprise because only a handful of typically not-senior people understood it. (I could write a volume on the DTC role in all this, but nobody probably would understand it except people who really would not care).
Despite all that, the problem really are mostly not structural IMHO. They are essentially political but not in terms of D or R or even L or R.
The Tesla situation is directly analogous because all the regulatory systems, specifically in the US have been systematically dismantled. That ends out with incompetence nearly everywhere. Thus Tesla is the poster child of systemic threat. Remember the amount of debt and political clout exists from the combination of NADA, large oil companies and oil-dominated States plus traditional OEMs. Putting those together makes the Tesla success a huge threat to the status quo.
None of that is a problem of regulatory structure. IT is a problem of the Citizens United decision coupled with cancellation of the FCC Fairness Doctrine and growth of Cable vs broadcast. Those changes directly produced the polarization fo the present day together with Tesla opposition. Why?
In short Tesla has direct sales. Tesla has OTA updates and OTA diagnostics. Even that might not create the situation, but Space X has decimated the entire space industry.
When I use the words "Tesla speed" this are shorthand for overcoming all the impediments above. We cannot forecast Tesla success without understanding how consequential the changes will continue to be. Giving other BEV access to Superchargers and promising to license FSD, plus patent openness are all steps to reduce the intensity of attack.
Remember Standard Oil, Edison, AT&T when we see Tesla exponential growth. We may be hopeful that Elon does.
Still, the post 1970's dismantling of government makes the risks higher for TSLA.
I remain long. The preceding should make us all quite cautious.My mitigant is that shareholders in AT&T, Standard Oil and Edison really did quite well anyway.
I am not forecasting a Tesla breakup, yet.
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