You don't see how the common thread is Elon Musk buying out his own businesses, largely on the basis of overinflated stocks and corporate welfare?
It's baffling that the market has stayed so irrational because of Musk. It will collapse because of him.
SpaceX does real work at a profit, and its competitors will need even more time to catch up than they did Tesla.
Obviously there's a pattern of financial engineering, and it's inefficient, but the winners do offset the losers so there won't be a total collapse.