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If that is true, why is SpaceX 5-10 years ahead of all its competitors?/why are Elon's companies #1 in all their industries (with the exception of xAI)?

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In what industry is Tesla #1 in?

Is over-valuation an industry?

If you consider that they only make two models, and only electric, their relative performance relative to the rest of the automotive market is impressive.

Right. But that's not #1. It's a popular niche.

As I recall, Model Y was #1 best selling car at least once in the recent past. So by that measurement, they have led. In spite of Elmo's antics they remain competitive for that spot.

It's currently #2 behind the RAV4.

The claim was #1, not #2 though.

And, even with the #1 spot, that was 1 vehicle in a massive industry.

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