$Tesla (TSLA.US)$wasn't yet consistently profitable at the t...

$Tesla(TSLA.US)$ wasn't yet consistently profitable at the time (though they were consistently getting less unprofitable, and had posted profits in 2 out of 4 of the prior year's quarters, only to post losses in the first half of 2019 due to cyclicality in the car market).
Also the finance media was relentlessly pushing the narrative back then that Tesla was months away from going bankrupt. They invited countless prominent Tesla shorts on their shows who kept repeating that line, and barely anyone who was bullish on the stock, unless they could be made to look crazy for being delusionally optimistic (like Cathy Wood and her $3,000 price target, which Tesla did hit eventually when adjusted for stock split). But their stories were all lacking any explanation as to why Tesla was going bankrupt in just a few months, and once Tesla posted a profitable 3rd quarter in 2019 their bear narrative fell apart.