But they won't, and I don't know why anyone thinks that they will.
TBH, that's a prediction of the future that you haven't substantiated.
The fact that the have insane YOY growth with 14B quarterly revenue, are supply constrained - not demand constrained, have very high profit margin per car if you exclude new giga factory investments is sufficient to justify the stock price.
The market expects tesla to beat Toyota by an order if magnitude on profit margin per car. As simple as that.