Ask HN: How in the world is $TSLA worth more than $TM?

Tesla is now worth more than Toyota, and yet has pretty much lost money every quarter. Toyota, on the other hand, has had billions in profit every quarter for years.

https://www.macrotrends.net/stocks/stock-comparison?s=net-income&axis=single&comp=TM:TSLA

Is there a reasonable explanation for this, or is it a complete bubble?