Telegram has various issues for the privacy concerned, namely that group chats are never E2EE and 1-to-1 chats are not encrypted by default, among other concerns[1].
Also Telegram is not open-source.
Also Telegram did some shenanigans with cryptocurrency a few years back[2].
The Telegram apps are GPL. Their server is (afaik) closed-source, but having an open source server implementation doesn't mean much for a centralised service without any server-switching support anyway, so no effective practical difference to Signal here in that regard.
Because Telegram is not really an equivalent alternative for secure messaging.
Telegram is much better for “chat room” type capabilities, because that’s not what Signal does. Telegram, Discord, Matrix, Slack all have more robust large group features, but none of them are secure and private by default and none of them hide your social graph.