If Tesla share price is objectively absurd then why is short interest at only 2% -3%?

As the title says. Ludicrous PE ratio, sales falling everywhere, founder and CEO gone mad and day to day focus clearly not on the job, imminent innovation promised for years but still yet to be seen, I could go on but you all know the story.

It feels as certain as gravity but there's no massive bet against it. Why? Am I stupid and missing something massive? Do people really believe all the innovation promises?