How long does he get away with hiding his dead cows in herds of still living cows? SpaceX and Tesla have both been burdened with herds of dead cows without much of a dent in their ability to retain absurd valuations. It will be the case study of the century when it's finally in postmortem.
Probably until his favor with the executive branch comes to an end. Until that happens he'll keep getting federal/defense contracts and regulation won't be a concern.
That's normal. That's how defense contractors stay in business even when their products flop. There's something else going on with Elon. Can't put my finger on it, which is to say I don't understand investment bank fuckery well enough to identify who is levitating Elon's valuations.
There seems to be some fundamental thing in humans which makes a subset of them follow narcissists like messiahs. MAGA and Elon stans aren’t that far apart.
Probably some interesting social psychology phenomenon around the great man myth