yes it was. I believe you were one of the people who were saying they were going bankrupt and the stock was going to 0. I got in on Tesla when it dropped to 174. Never thought it would go to 900, but knew it was an undervalued stock with nowhere to go but up.
Yep, that was me. I do think the company still has significant risk. I think they're over-extended, over-leveraged, and still not consistently profitable. Even now, their net profit is buoyed by sales of regulatory credits, and not driven organically from auto margins. Now, to some extent that's acceptable in a growth company, as they need to spend a lot of money to scale up.
That said, where I thought there was significant short-term risk of an implosion in early 2019, I think that risk has passed. The capital raise in May helped significantly, and actually getting the China factory functional without significant delays will help as well.
GREAT company that makes GREAT products, Elon Musk is a freakin' genius and I'm holding on for the long-term because I really believe in the product and at the end of the day it's all about the product- but even I was shocked by where it went. No way it's worth $900 or even close to that at the moment- and that's why you saw it come back down to $730 today after spiking to $900+ yesterday. It will be worth that someday though. Not for awhile. They still have lot of work to do and lot of growth to accomplish before it gets there.
I could point you to lists and lists of companies that had great products and first mover advantage that failed to scale up and capitalize against incumbents. Some failed when the incumbents woke up. Some were lagging and acquired by the incumbents when they hit trouble. A few managed to get acquired at their peaks and made their founders uber-rich. And far fewer manage to become standalone successes alongside those incumbents.
I still think, regardless of their success of their current products, that there's a long road, full of a lot of potential potholes, ahead of Tesla.