Their valuation is three times larger than Toyota, yet they manufacture only 10% as much cars a year. It’s still deeply rooted in hopes of future expansion and innovations, lack of which they might not survive.
But it’s about number of dollars made, not cars.
And on that metric Tesla is on par with GM and ahead of Ford. I don’t know about Toyota.
(Did you see the latest video? It's crazy how well the hands and fingers work -- and how plodding its walk still is. Even Joe Biden walks faster!)