BI is so disingenuous. Even if Tesla does have the highest market value of any US automaker, although even in that case I'm not sure if that's in real or nominal dollars, their total enterprise value is still below Ford and GM because a lot of the value of other companies is outside of equities.
https://www.reddit.com/r/teslamotors...uation_people/
A big chunk of Tesla's equity value is speculative too. Just watch what happens to that value is they can't maintain positive operating margins going forward.
On the flip side, if they consistently maintain positive operating margins I imagine their equity value will increase significantly, less whatever dilution there is from them issuing new equities.