It's definitely in a class above Toyota, but once you account for gas savings, the LR RWD costs about as much as the cheapest Corolla you can buy. People bagged on Tesla being too expensive when their $35K car was only available over the phone. Now, adjusted for inflation, the LR RWD is $28K and comes with 100mi additional range to boot. On top of that, it's $13K below the average car purchase price.
IMO, it destroys its competitors in the value market, and the media is being awfully silent about it. I guess it's far too easy to focus on Elon instead.