At the end of the day Tesla is public company. It has assets and liabilities and it’s valuation on the stock market is supposed to align with some multiple of its expected future value.

Right now it’s incredibly overvalued when compared to every other company in every business they’re in when compared on an EPS basis. Which means the market (i.e. investors) think there’s some magic there that makes them way more valuable than every other company you could compare them to.

The market is fickle. If they wind up in court and it turns out that they were misleading customers and owe billions of dollars their stock price would crater.