You've bought the CNBC fud. Tesla made 4x the profit from cars than bitcoin or credits. Valuation is based on the future, not on the past. Exponential growth matters - just look at the last ten years, then extrapolate a few years more. If you did not predict 500k Tesla cars delivered in 2020, back in 2015, then you can not credibily comment on current valuation ( which is based on the future).
Musk's only compensation for Tesla is related to share price. He is therefore doing everything he can to take a large market share from the incumbents - they have had 8 years to respond to the Model S, and have done nothing.
People can't be civilized if they don't take someone else's money, which has already been taxed? That's quite a threat of an unruly mob in a desire to quench jealousy.
Just as the right wing Proud Boys in New York were ruthlessly put away by the criminal justice system, while no just example was made of left wing antifa.