Every EV that legacy auto produces and sells at the moment is losing them money and cannibalizing their own low margin ICE vehicle sales and thus economies of scale that they need to service their mountains of debt. The more EVs they sell the more they bleed which is why they have been dragging their feet and kicking and screaming for so long. They'll be begging for a bailout soon.
Teslas gross margins are growing to insane levels with every step up in production. Two new giant factories bought and paid for with state of the art productivity about to come online. More factories being planned. Year over year as far as the eye can see Teslas production, margins, cash flow, product diversity climbing the S curve.
Add to that Autonomous driving purchase or subscriptions, Robo taxis, Electric power utility Mega packs, humanoid robots and you're looking at Trillions of dollars of opportunity with no one else even coming close. That's why Tesla is valued around 1T now. By 2030 if they execute on their vision they'll be way over 20T market cap.
Don't bet against Elon Musk.