I'm not sure you know what 'vaporware' means. SpaceX has successfully completed 81 launches to space, including many smallsat payloads (which is what they're selling here).

And they are operating the biggest rocket anybody has launched in like 30+ years.

Seems like pretty concrete timelines to me, and I don't think adoring fans are too interested in booking commercial satellite launches.

https://www.spacex.com/smallsat

Falcon 9 rideshare launches are not vaporware.

I think they've got SpaceX confused with the SLS system - now that has sucked up billions for zero launches.

What the blazes are you on about? SpaceX have had 81 successful falcon series launches.

I'm curious what your thoughts or beliefs are regarding Tesla's position, condition?

The stock is finally now completely disconnected from the fundamentals of the company, so tbh I'd probably consider it too radioactive to touch on the long or short side, unless you are a very experienced and nimble trader and keep position sizes very small.

Haven't really been keeping up with the company internals too much to comment, but Montana Skeptic is posting again and is probably a good place to look if you want to catch up. I did see he mentioned recently that Q1 will be a disaster but did not dig into his reasoning.

I wasn't specifically asking if it was a good investment at its current valuation - however clearly it shows enough people believe it is a good investment. It sounds like you'd invest in Tesla if it was at a lower valuation though - but not SpaceX or other spinoffs?

I would not take a long position in any company even remotely associated with Elon Musk for anything other than a short term trade.