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I am not sure it completely accurate to compare Tesla with GM or Ford. Tesla is not a car company (they removed the word "Motors" from the original "Tesla Motors", like Apple removed "Computers" earlier). They do sell some vehicles (electric ones), but they also sell batteries, and solar panels. And they sell those just to show what their main product can do. Tesla main product is the Gigafactory. The factory is the product. Tesla is in the business of building factories, new generation of factories. Now, is it business worth ~$56B ? And what could it be worth in one year, 5 or 10 years ?