Depreciation and thus CAPEX over time is definitely a real charge, and so is stock based compensation from the point of view of the shareholder (think of the largest in history stock grants to a single person, that is the legendary Elon's stock grants; to quote a famous show - "this guy fucks"). It's not easy to beat the accuracy of GAAP income unless you know the company / sector in great detail and can introduce custom modifications. Going "yolo adjusted-EBIDTA stonks" and simply removing charges to increase "income" is rather optimistic/stupid.

But yeah, it is starting to look okay if not good. I was (well technically still am, but the position is tiny now) one of the shorts in TSLA, but I am done with that, didn't quite work :)