Tesla's market cap was not tied to the number of cars it was shipping at any specific point but rather how much confidence investors had in their ability to exe

Tesla's market cap was not tied to the number of cars it was shipping at any specific point but rather how much confidence investors had in their ability to execute on their plans and scale up in the future. When you look at Rivain's team + product + funding I think it's not unreasonable to have a high level of confidence in their ability to execute.