Tesla's valuation is roughly $800,000 per car they shipped last year. Compare this to Ford, which is roughly $30,000. Quick googling shows Ford has $138B on tot

Tesla's valuation is roughly $800,000 per car they shipped last year. Compare this to Ford, which is roughly $30,000. Quick googling shows Ford has $138B on total debt, a market cap of $60B and produced almost 2M cars. Tesla still has $30B in debt. When you start looking at assets, it gets more interesting. Tesla's assets are ~$68B. Ford's $257B. You can't just magically produce more cars. You need more people, more batteries, more factories and other significant capital expenditure. My point is that "growth" is used as an excuse for Tesla's valuation but any look at comparative numbers should show you it's way out of whack compared to any auto maker. And as the F150 shows, Tesla's dominance of the EV market isn't as sticky as it would need to be to justify that valuation. Cybertruck anyone?