This is not factually accurate. The motor industry is full of small sports and luxury car companies from the past that no longer exist - Iso, Jensen, Tatra, Monteverdi, Daimler to name just a few. There are many of them, from every era, that meant Ferrari always had competition and so far it has always stayed alive (though there have certainly been occasions where it was close). It’s why the hand of history is against McLaren. Smaller and world-renowned companies like Lamborghini could only survive by being owned by a conglomerate. I suspect the same will need to happen with Mac, unless they can gain a stock exchange listing. They could suddenly turn a proper long-term sustainable profit but I don’t think that looks too close. And what would happen to Pagani and Koenigsegg without their enigmatic founders? I think they would end up in the hands of much larger companies or would falter eventually. What we see today in terms of competition for Ferrari is almost not different at all from any point in history. Ferrari v Lamborghini, another main competitor - usually fairly new, some ultra high-cost and low volume brands, sports cars from mass-market brands (Mercedes 300SL for example) plus Porsches of all varieties. Everything changes, nothing changes. Ps. Ford and their GT40 might have a discussion with you about no other great cars existing at the same time as the GTO. And they wouldn’t be the only ones.