Your argument is a long winded way of saying: The market believes in Tesla, so any and all losses are acceptable. Look, at $671M in losses per quarter, nothing

Your argument is a long winded way of saying: The market believes in Tesla, so any and all losses are acceptable. Look, at $671M in losses per quarter, nothing about this company suggest it is viable. Worse, the "cash burn" rate, or negative free cash flow, is an even more astounding -$1.55B per quarter. That annualizes to $6.2B per year! That's how much the capital markets have to fund the company to sustain it going forward. If it wasn't for its high market cap, the company would have folded long ago for lack of funds. It's pretty obvious that current losses like these could easily overcome a decade-plus of future profits. Their debt is already rated a junk bond, so they aren't going to get any good deals on future debt. At some point, you would think, surely rationality will set in. I mean, Tesla is not the only EV manufacture in the world. Wouldn't it make more sense to invest in another car company that is also making EVs, and have finances that look much more appealing? Why would anyone subsidize a company just to produce a product that others can easily replicate? At some point, this has to stop.