You do know that Tesla was within a month of claiming bankruptcy while Musk was also working on Spacex?
if Tesla was at a critical juncture in their existence,
"In November, Musk revealed that Tesla was only a month away from bankruptcy ahead of the Model 3 rollout. He said that it was “extremely difficult” to raise money for an electric car startup when peers like GM and Chrysler were going bankrupt. “I put in my last money, even though I thought we would still fail.Mar 5, 2021"
So what exactly is your point again?
Gee I guess Tesla was in worst shape than SNPW
Is insolvency worse than bankruptcy? Bankruptcy is a legal process for liquidating what property and assets a debtor owns to pay off their debts. Insolvency is a financial state in which a person's (or company's) debts exceed their assets. Someone who's bankrupt is insolvent, but someone who's insolvent isn't necessarily bankrupt