I won't dispute that Tesla's valuation is eye watering, but it isn't very meaningful to compare market caps. A generally superior comparison is between enterpri

I won't dispute that Tesla's valuation is eye watering, but it isn't very meaningful to compare market caps. A generally superior comparison is between enterprise values. This is especially true for car companies which (with the exception of Tesla) are heavily debt financed. By that metric, Tesla actually drops below 600Bn. Toyota moves to about 400bn. Ford goes to 170bn. VW is 350bn.