I don't care what Elon Musk says. He also said Tesla Model S is faster than Taycan around Nurburgring. Didn't he also say that we will go to Mars in 5 years 10 years ago?
Teslas stock valuation has exceeded VWs. It is very funny but a lot of people will lose a lot of money (not that I feel sorry for them).
VW is making money and has been making money for decades. Tesla is losing money and has only been losing money since it was founded. Unfortunately, the fair stock price for a money losing company is exactly zero dollars and zero cents. If you create a company "Nothing Corp" that does nothing and has no income and no expenses, you are already making billions more than Elon Musk.
And don't tell me about pricing in growth potential and future profits. Also don't tell me they were profitable in last 2 quarters. I am not that dumb.