The fact TSLA is valued more then all the auto manufactures combined is absurd. You're naive to think big auto is just going to sit on the sidelines. Big auto has the infrastructure and production lines to mass produce fully electric vehicles for a fraction of the cost of a TSLA, something TSLA will never be able do. Ford is already leading the charge with the F-150 Lightning and converting old factories into fully electric vehicle production plants. TSLA is just as overhyped as Elon Musk.
I agree with you, the value of Tesla is too high in my opinion. The whole hype is based around Elon Musk and after the last few weeks I think we all realised that he can't be trusted anymore. How can you change your mind about bitcoins so quickly? The argument that the mining process is bad for the environment is false, all currencies cost money to create and support, it is not only Bitcoins. So by misusing his Twitter account he stopped whole crypto hype with a few tweets. We all should stop believing in Elon Musk.