It's recognized by investors who try to make an honest assessment in order to make good investment decisions. Thankfully, this is not a popularity contest. By

It's recognized by investors who try to make an honest assessment in order to make good investment decisions. Thankfully, this is not a popularity contest. By any reasonable non-pedantic measure, Tesla has actually been quite profitable over the last couple of years. They've put their entire profit towards building additional production capacity. Of course, they've also used the current investment climate to make capital raises that are bigger than their profits. IIRC, Tesla have reported profit and cashflow minus capital spending for the last few years, and these numbers show what you expect: A business that's very profitable from a per-unit perspective. The market cap is a different question, but let's treat that as a separate question.