Here is an interesting unchecked fact but from a legitimate source- Elon Musks largest revenue line comes from Carbon Credits - 4.9 Billion dollars in the last few years; so is he selling products or collecting subsidies from "clearing throat" taxpayers. I would venture to say he is in the carbon credit business and will disrupt any market he can to sell more "Credits"
The end to all of this is a simple horror - When interest rates go up the Ponzi Scheme of VC capital is over.. until then it is the wild west, where valuations are not based in reality but speculation and "pumping" the retail money - the "dumb" money as Wall Street coined.