Comments by "" (@RedXlV) on "The Drydock - Episode 207" video.
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You're probably right that the attack on Port Stanley was because Spee figured he was doomed and wanted to just get it over with. But beyond that, I suspect his thinking was that attacking right away would give him the best chance to inflict some damage before he's taken out. Without any ability to do maintenance and refuel, his ships' performance was only going to decline more over time even if he escaped detection.
That said, I think once he made the decision to attack Port Stanley, he made two core mistakes. First was bringing the light cruisers with him instead of having them disperse and go commerce raiding or try to run the blockade back to Germany as their captains saw fit. They weren't going to make any difference one way or the other. If Sturdee hadn't arrived yet, Scharnhorst and Gneisenau alone could easily destroy the wireless station. And either way he'd be drawing all the attention onto himself and giving the smaller, faster cruisers time to get out of the area.
Second was that he was insufficiently aggressive once he realized there were battlecruisers docked at Port Stanley. It took some time for Sturdee's ships to raise steam. With the battlecruisers' superior speed, this didn't give Spee enough of a head start to matter when trying to flee. It would however have given him time to press the attack while Invincible and Inflexible were still at anchor. Two of Sturdee's cruisers were already under steam as guardships, but Scharnhorst and Gneisenau were more powerful ships and could likely have forced their way to the harbor entrance. And that point, seeing as the entrance of Stanley Harbour is only about 900 feet wide, he could have maneuvered his cruisers so that they're blocking Invincible and Inflexible from leaving. Even after they sink his ships, the wrecks will still have them bottled up for probably several months. And at such close range he might even be able to inflict some real damage on the battlecruisers.
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