Tesla has been the most heavily subsidized automaker in the US. Biden's historic investments in EV subsidies only increased that. It was leading the EV industry and it seemed impossible for it to fail even with the safety scandals that plagued it for nearly a decade
It's truly incredible that someone could fuck up such a favorable position
Publicly traded equity is only part of the value of a company though, especially when you are talking about a company that might have significant capital assets.
