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.
Well until big auto actually step up the game, TSLA will remain at the top however sad, between Must is too egocentric to really care about what other big auto are cooking, his overhyped company in your word is making him money, enough to cause Chao in the crypto space, he has the people's attention, just a mare tweet from him causing a lot of havoc, the guy must be having fun at others expense,
Looking forward to see another big auto company kicking Tesla aside