Post-training compression is essential for deploying large language models (LLMs) under tight resource constraints. Tensor decompositions have emerged as a promising direction, offering compact parameterizations well suited to Transformer weight structures. However, existing studies evaluate these methods in narrow settings, leaving unclear whether tensorization is effective at large-scale deployment. We systematically evaluate tensor compression across dense and MoE architectures, establishing performance trade-offs grounded in both empirical analysis and theoretical analysis. We identify a fundamental mismatch between the shared subspaces assumed by tensor decompositions and the heterogeneous representations learned by modern LLMs, thereby delineating their practical limits and clarifying their viable role in large-scale deployment. The code is available at https://github.com/brain-lab-research/TT-LLM.