I love Tesla, SpaceX and Elon (as a visionary) but don't understand the valuation. I remember when we (most of us) all laughed at this $420/share buyout valuati

I love Tesla, SpaceX and Elon (as a visionary) but don't understand the valuation. I remember when we (most of us) all laughed at this $420/share buyout valuation, because it was so far from reality...and now it's trading nearly 4x that, in less than a year...on really no real news outside of hitting production numbers. The fact that Tesla is now bigger than Toyota is absolutely bonkers to me. Toyota isn't that far behind the curve.