It’s a distraction as they suck out as much value from Tesla as possible before the music stops and they go bust. There are a few really big IPOs this year including SpaceX, which will likely trigger significant market volatility.

yes, tesla, famously the worst performing car manufacturer with the worst profit margins, is definitely going bust any day now

Clearly 200 forward P/E and three consecutive quarters of missed earning is a sign of profitability.

It's a stock worth $50-60 with generous valuation. The premium is the Elon bullshit and grift. That isn't gonna last forever.