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> "Edit: Tesla is 3 times Toyota in valuation, not 5 as I said earlier, not that it changes the argument much."

Per Google finance, Tesla's market cap today is $1.42T. Toyota's is ¥48.72T, or $307B USD. So that would make Tesla's valuation about 4.6 times Toyota's.

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Of course thank you, Idk how my brain farted when I did the double check…

Sure and Toyota [1] has significantly more outstanding bonds than Tesla [2] which should depress it's market cap.

[1]: https://www.tradingview.com/symbols/TSE-7203/bonds/

[2]: https://www.tradingview.com/symbols/NASDAQ-TSLA/bonds/

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