I don't like market cap because that's ultimately dictated by fiat macro factors, but on a relative basis I think there's easily a 10x in purchasing power improvement over the next ~5 years.

That's about what I think for Bitcoin too, but I see Tesla as a hedge of sorts for a scenario where the fiat value of Bitcoin doesn't increase much for lack of fiscal stimulus, and deflation increases its purchasing power. Tesla would be an enabling force of such deflation and outperform Bitcoin in that scenario. Bitcoin would of course out-perform if currency debasement continues such as it has.

Asymmetric investments are always over-valued by metrics only relevant to arbitrage on legacy operations with boring upside, there's dividend stonks for that. I invest to front-run people that can't think non-linearly.