To the Editor: Great article ("Can General Motors and Ford Survive the Flood of Cheap Chinese EVs?" Cover Story, Oct. 30). But there's no mention of Tesla's full self-driving capability, a technological marvel and revolution available today. How long will Tesla hold that competitive advantage?

Vik Kasparian On Barrons.com

Disorganized Dems?

To the Editor: Andy Serwer quoted a political analyst as saying that Democrats aren't smart enough to nominate Kentucky Gov. Andy Beshear in 2028 ("If the Democrats Want to Scare the GOP, This Presidential Candidate Could Be Just the Ticket," Up & Down Wall Street, Oct. 29). I'm reminded of Will Rogers' famous joke: "I belong to no organized political party. I'm a Democrat."

Don Wittenberger Shoreline, Wash.

Crypto ETFs

To the Editor: Lewis Braham points out that many new cryptocurrency exchange-traded funds generate income for shareholders by selling put and call options ("The Rise of the New Actively Managed Crypto ETFs," Funds, Oct. 28). Owning Bitcoin is almost always more risky than betting on sports or participating in a zero-sum crap game.

If there is ever again a terrible day like Black Monday, Oct. 19, 1987, I'd rather be in stocks like NextEra Energy and Union Pacific, which sport revenue, earnings, and dividends, all of which cryptocurrencies lack.

Anthony Bavedas Shelton, Conn.

Buy, Borrow, Die

To the Editor: "Big Homes, Big Loans" (Review & Preview, Oct. 30) notes that the stock market is delivering returns higher than mortgage rates. But it doesn't relate the increase in superjumbo mortgages to the increase in the use of tax-avoidance strategies by the very wealthy. They use the loans to avoid triggering massive capital-gains tax liabilities while maintaining investment momentum -- the "buy, borrow, die" playbook.

Craig Chaffee Sacramento, Calif.

The Invisible Hand

To the Editor: I will continue to favor companies committed to Milton Friedman's business philosophy of reacting to Adam Smith's "invisible hand" ("The Investor's Case for Protecting Democracy," Other Voices, Oct. 29). The authors' utopian argument -- that "from a purely self-interested point of view, businesspeople should care about civic dysfunction if they want to protect their profits" -- has been tried many times and results in political grift, attacks on liberty, and lower standards of living.

Richard Saler On Barrons.com

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