Tesla is Enron.
Enron was a clear case of crooked accounting. An illegal Ponzi scheme.
Tesla appears to be legal, in terms of using laws and regulations, by our brilliant political class--to incentivize vehicles with alternative energy options.
Apparently all electrics and hybrids get some form of subsidy to the buyer (up to a certain number per that particular model--200,000 I seem to recall reading). There are federal subsidies, and some states too.
Nevada incentivized Tesla to locate their super battery plant, there. Several other cities bid for that including one from ultra conservative Texas.
Electrics and gas-electric hybrids are predicated on rising hydrocarbon prices, manmade globull warming, cleaner air etc.
Fuel prices are staying low, due in part at least to fracking. Globull warming is viewed with greater skepticism over time.
My point is Elon Musk is merely using the system OUR LAWMAKERS have laid at his feet, to achieve their social & economic manipulation of society.
Defense-aerospace firms have used government to enrich themselves, legally. Likewise Tesla, unless somebody knows something else.
Some investors no longer require profits. Only the prospect of future profits. Amazon failed to make profits for years. Now it is the single most valuable company in the entire world.
Tesla and Uber are based on future profits.