Tesla's valuation is not related to their production of cars or robots.
refrigirators then? some other household appliances? what exactly is “thing de jour” tesla is today?!
BYD made 35% more electric cars than Tesla and its market cap is about 1/10th.
Tesla's valuation has no grounding in any physical goods it manufactures.
imagination and feelings
We might as well call it “vibe valuation“ since that’s what it is.