the peak of tulip mania was in 1637, people who invested in 1636 and got out in early 1637 would probably have made good money.

I believe the analogy here is that investing in the Tesla IPO would have made a lot of money, yes, but at some point in a future implied to be not so far off, staying in Tesla should lead to losing all that money.

I sort of feel like that will probably prove to be true. Was it a bad idea to invest in the IPO, no, but it wasn't a bad idea to invest in tulips either, until it became a very bad idea.