There is a grain of truth: Tesla's P/E makes no sense. However, we should count the lower EV prices they have achieved as a great success. Musk stated from the beginning that that was the goal: Prices would be high initially to fund development, and as they scaled the learning curve, prices would come down. If anything, they haven't gotten cheap enough! They need to get to BYD's prices and lower -- both for "altruistic" reasons (to achieve EV ubiquity) and "selfish" ones (to appeal to remaining consumer segments, who do not have demand for EVs at these prices).

Finally, our cheerleading or hate of public figures and of companies should not distract us from what's in our best interests. We should be happier as EVs are cheaper.