Michael Burry and other short sellers have likely made some good money (or would have)

Tesla (TSLA, Financial) in the last year as the stock is down 72%. However

the hype and sizzle seems to be wearing off, I don’t think anyone should bet against the company or Elon Musk in the long run.

Over the years, Tesla has grown to become a leader in the electric vehicle market, with

a range of popular car models including the Tesla Roadster, Model S, Model 3, Model X and Model Y.

In addition to electric vehicles, Tesla also produces energy storage systems for homes and businesses, as well as solar panels and solar roof tiles.

I wrote a lot about Tesla in the past, before it really began to take off, and was wrong every time about

the company’s ability to produce positive results. Back in 2016

when it was less than $15 per share (divided adjusted) and CEO Elon Musk had just sold $600 million worth of shares

time the market cap. But today, in the last 12 months alone, he's generated more than $11 billion in after-tax profits. This equates to about 22% of his 2016 value.

I was skeptical before, but now I find it hard to doubt Tesla's growth prospects.

If Tesla one day hits its target of 10 million deliveries a year with the same margin, net income could easily put him at $75 billion.

the multiplier he multiplies by 20, the market capitalization equates to him at $1.5 trillion, making his $350 billion at today's valuation a sizable bargain.