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part of what confuses me is that this advice can’t be universalized - if everyone decides to buy tesla stock instead of tesla cars then where is tesla’s revenue as a car company supposed to come from?

if the advice isn’t intended to universalize then does following it amount to producing wealth transfer from people who want cars to people who want investments? is that good? idk!

honestly this mostly strikes me as an argument that tesla stock is grossly overvalued. but i am still confused about what wealth is being transferred from who to who here. or like... there’s something sketchy about assuming you “have” a certain amount of money bc of stock prices

the current price of tesla stock reflects where the supply and demand curves for tesla stock intersect. importantly it implies nothing a priori about the *slopes* of those curves - at some point if you have too much tesla stock and try to sell it you will drive down the price

11:30 PM · Mar 28, 2021Twitter for iPad

that $7 million dollars of tesla stock money is contingent on living in a big world where enough other players are selling tesla stock that you won’t drive down the price too much. in which case... why are so many people willing to sell you tesla stock at that price???

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is the bull case here that tesla stock shenanigans amount to a wealth transfer from people who aren’t willing to believe in tesla / elon to people who are? what the actual fuck is going on here?