At its peek price it was worth more than the whole us auto industry while making a touch under 500k cars and the dashes were falling off compared to the 6.5 million in ford, GM, dodge, us Toyota . . .
Made no sense.
And, as they've shown. Making a car is easy, manufacturing a car at scale is hard and their competition knows how to do the hard part. And, at this point, US auto makers have shown they can build electric cars so Tesla is still over valued.