I see more whining about blind Elon defending than actual blind Elon defending. People have pointed out his achievements and have backed them up with numbers. I find his actual personality (makes Mack Brown thick-skinned in comparison) quite repugnant but his ventures and entrepreneurial drive are the top over the last 2 decades.
So, this throwaway explains the reason for investing in Tesla? Do the startups Rivian and Lucid also have cult of Elon to explain their market caps? Look at the macro events. Every country big and small have said that they want 100% EV in the next 1-2 decades (top down push). There are no EVs on the lots despite being marked up (bottoms up demand). Mach-E, ID4, Ioniq 5, EV6, Bolt, Leaf, etc. are all from traditional big companies and are all facing battery challenges. Tesla is unquestionably the leader in trying to get battery eco system lined up for their auto and energy businesses by not just depending on deals with battery manufacturers but actually getting to make their own batteries, optimizing to their needs, and getting to the mining sources for raw materials.
Over the next 5 years, there are going to be serious issues about raw materials. As Rivian CEO put it, this problem will make the chip shortage look like a "small appetizer". One may reasonably say that Tesla is overvalued, but it has lived up to its "overvalued" price from 3 years back and may make current price reasonable over the next 3 years, or it may not. Every car maker has seen the writing on the wall and committed to make themselves into "Teslas" (100% EV). This is akin to Dell/HP/Lenovo committing to making their laptops like Macbooks. They have succeeded in making their laptops better but Macbooks still lead, now with custom silicon. Can Tesla keep its edge with its own "custom battery" or "custom Autopilot" or "custom supercharger"? Time will tell.