Absolutely possible. Tesla has been "cool" for a long time and counting on that to last is risky (bet on the brand). We're long past the Model 3 appeal to middle market consumers at Avalon prices (bet on growing market share). Teslas are very expensive to repair after the slightest bit of damage and a hassle to get service from the company (bet on customer feedback). The infrastructure for massive amounts of electric cars does not exist, and tesla is not investing enough anymore to support massive growth (bet on continued adoption growth).
On top of all that, electricity prices have become extremely volatile recently, states are starting to write legislation for electric cars to pay road taxes (stop freeloadin, ya bums), full self driving tech is still not a real feature, Elon is disenfranchising a large percentage of "green" folks with his politics, and its only a matter of time before another company comes out with a better product (the mustang ev is almost it).
Fame and fortune are fickle, and TSLA can go down as far and as fast as it came up in 2020
Brand - I don't care for it, don't need it to be cool.
Growth - It's been growing as fast as they can build cars
Customer Feedback - Yes, Tesla's CS is terrible. It's gotten better, but way too slowly. This is definitely something they should work on, and hopefully soon it will be a priority. The change in mindset from EOQ rush to not worrying about how many cars can be rammed out the door each quarter is a step in the right direction IMO. One of the issues they have is lack of spare parts because they'd rather put them into a vehicle they can deliver.
Continued adoption - EV adoption is increasing at a dizzying speed, if you don't see it yet, you'll see it within a few years when most new cars are electric.
Electricity prices are still a fraction of the cost of gas. Even if they doubled and there was a few cents per mile surcharge to make up for the gas tax loss, it would still be cheaper than gas. Gas prices are way more volatile than electricity.
FSD is barely accounted for in current valuation models. Same goes for energy storage, insurance, optimus robot, and more.
Green folks - Yes, some of them no longer like Elon.
Better Product - I'm still waiting for it, especially at a cheaper price. No one can beat Tesla margins, not even with ICE cars. Tesla can always price more aggressively when "The competition comes"