Tesla is making that margin with EV, nobody else is doing that. There is a reason nobody else produces EVs at those numbers. Specially not those with these batt

Tesla is making that margin with EV, nobody else is doing that. There is a reason nobody else produces EVs at those numbers. Specially not those with these battery seizes. And Tesla has just gotten to the point where they get to those margins. The margins on the Model Y are already better then Model 3 and competitive with ICE cars of the same price. It is because of their vertical integration that they managed to achieve that margin. There is reason why the were laughed at so much, nobody believed you could make good margins on EVs. This is quite literally what the CEO of Ford said over and over. Tesla doesn't have 10s of billions or even 100s billions investment in legacy infrastructure that is raptly losing in value. And they don't need to redesign their whole fleet to EVs for many billions per vehicle. That is the base for the case for their stock price. However that by itself would make them valuable, but not as valuable as Toyota.