Because they're wasting money that would be better allocated to companies with better leadership. Pre-Musk, they had a decent model. Sell luxury EVs. Now, they

Because they're wasting money that would be better allocated to companies with better leadership. Pre-Musk, they had a decent model. Sell luxury EVs. Now, they can't make a profit and still call themselves a startup after 16 years. Meanwhile, Musk keeps promising more and delivering less.