In 2017 Tesla was losing money hand over fist, was two weeks away from bankruptcy, was in the middle of "production hell" and was facing competition from upcomi

In 2017 Tesla was losing money hand over fist, was two weeks away from bankruptcy, was in the middle of "production hell" and was facing competition from upcoming Tesla "killers" like the i-Pace. The sentiment was that as soon as Tesla faced real competition from established makers taking electric cars seriously, they'd die. Today Tesla has >$20B in the bank and is making >$1B per quarter. They're making mistakes, but have the financial headroom to make mistakes. OTOH in 2017 Tesla stock was dirt cheap, and in 2024 it isn't. It can be argued it was a better investment in 2017, but as a company it's in much better shape now.