1 Toyota Motor Corp 10,495,548 (same) +11.8%

2 Volkswagen Group 8,610,100 (same) -5.5%

3 Renault Nissan Mitsubishi Alliance 7,680,014 (same) -1.3%

4 Hyundai Motor Group 6,667,085 +1 +5.0%

5 Stellantis 6,583,269 +1 +5.2%

6 General Motors 6,291,000 -2 -7.9%

7 Honda 4,121,000 (same) -6.5%

8 Ford Motor Company 3,942,000 (same) -5.9%

9 Suzuki 2,763,000 +1 12.9%

10 BMW 2,521,514 +1 +8.5%

Notice who's not in that list?

Now let's look at market capitalization[2]:

1 TeslaTSLA $568.87 B

2 ToyotaTM $202.86 B

3 PorscheP911.DE $101.44 B

4 BYD002594.SZ $86.39 B

5 VolkswagenVOW3.DE $84.30 B

6 Mercedes-BenzMBG.DE $69.28 B

7 General MotorsGM $57.48 B

8 BMWBMW.DE $57.39 B

9 FordF $56.60 B

10 StellantisSTLA $48.87 B

There is no possible way Tesla is worth more then double what Toyota is, while shipping about 1/10th of the vehicles. The Price-Earnings ratio is 56, vs Toyota's 9.

By every possible metric, it is vastly overvalued compared to it's profitability, and there's no reason on the horizon to think it will suddenly catch up since all those automakers are moving directly into it's space.

[1] https://www.carexpert.com.au/car-news/who-won-the-automotive...

[2] https://companiesmarketcap.com/automakers/largest-automakers...