The free market is the only true arbiter of the value provided by a product. The market seems to be speaking, and barring government interference, that should be the last word.
Acquisition is a good possibility, but I’d look for someone like Daimler AG to buy Tesla, and roll it into the Mercedes Benz line, as well as applying EV technology elsewhere in their portfolio.
The Chinese, not Tesla, will bring EV technology to small inexpensive vehicle markets. Musk just doesn’t know how to do it.
The big prize is autonomous vehicles. Doesn’t have to be electric vehicles either.