This line seems to sum up the Musk Inc. situation perfectly:

Musk’s detractors have been correct about Tesla’s terrible fundamentals, its Full Self-Driving lies, its robotaxi fantasies, its shaky accounting. But when they have imagined these things might affect the stock price, they have been wrong.

Someday, someone, somewhere will make a lot of money shorting Tesla or SpaceX. But it’s unlikely to be you.

For now, Tesla remains better understood as a religion than a financial investment, and we can now add SpaceX to that category.