Yes it’s the predominant narrative. Governments all over the world are pushing this nonsense for various and opaque reasons. „Investors“ are opportunists all the way down to zero. Funny decade ahead.
As far as I remember the last I looked at it, Toyota has a lot of debt, and very low margins. They make dozens of different models. Whereas Tesla has a cash pile, makes only 5 models, which are platforms for its software sales which have high margin.