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I think personally that the "Value" of Tesla is in the range described as absurdly silly.
I don't agree with the assessment elsewhere in this thread either that Telsa stand to become a motoring monolith as all the "Legacy" car makers will fall over under their mountains of debt and reliance on ICE cars. It is pretty obvious that they are all spending hand over fist to get pure EV models out there too, and they have the advantage that have been learning how to make cars for up to 100 years, Tesla has proven over the last decade or so what all the legacy makers already knew well. Making cars is hard and making high quality ones is even harder. The biggest difference is where the mountain of "Other peoples money" has come from, explicit borrowing from the likes of banks or "Investors", both of which tend to want a return eventually.
I think the market desperately needed Tesla or a company just like it a decade ago to prove that the future of motoring did not look like the G-Wiz, around now is when we are going to start finding out if the market still needs Tesla, when all the legacy makers start rolling out new models and Tesla suddenly has real competition for every model they make, built by companies wo do not beta test their self driving software by releasing it to the public. That to me is an example of the same sort of "Blow up as many as we have to" development that SpaceX use, only the lives of the paying public are at stake.
Unless I win a lottery in the very near future, I expect that I have last year bought my last new pure ICE car, though I expect to jump over hybrids and the next new car will be a BEV.
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