Tesla was the first company to show that ev were an economically viable solution, and demonstrated to the world that old companies were unprepared for the future, willingly jeopardizing any innovation, if a newcomer could so easily solve the problem. That's why tesla became a stock bubble and elon is so full of money.
And everything was true at the time, traditional car companies were unfit for the challenge. Old, corrupt, bureaucratized monsters actively blocking any type of innovation. If you read automotive ceos interviews at the time, they were betting on methane to be the only viable future. Methane, not joking... Like they didn't even consulted a junior chemist to know how stupid of idea it was... Traditional car companies are unfortunately much worse than elon. Simply their ceos are not on X... They are to old and technically inept to do so.
Elon is bad, but the rest is worst for everyone. We shouldn't cheer for those companies getting back the power they are luckily losing. Luckily for humanity future