Thread by @ClaireMusk

Someone asked me, why is $TSLA's stonk price not falling, despite the overall market deterioration, supply chain/inflation, market share loss, legal/regulatory troubles, Musk's Twitter debacle, no product pipeline, key claims failing ("Full Self Driving", solar, batteries)? 1/15

Not trading/investment advice, I do not have a crystal ball or insider info:
$TSLA is a faith-based stonk shown by its fundamentals/ratios. Its fanboys will keep buying with every paycheck as the narrative stays intact. An elevated stonk price engenders faith. That is why... 2/15

...Fanboys are obsessed with "stonk price bro".
Fanboys are largely middle class, white collar, predominantly middle aged/older beta males who have staked their retirement accounts and identities and egos in $TSLA. 3/15

Fanboys get an ego boost by sharing in Musk's success with pumping $TSLA's stonk price, and driving a #Tesla reinforces that ego boost. They feel that their sex appeal is boosted by identifying with Musk and flaunting their "S3XY" cars. They also get offended very easily. 4/15

What Musk does is constantly make new promises, even as old ones fall by the wayside as the years roll by. His lies got $TSLA's stonk price to $1k, and he has to keep promising miracles to keep the faith alive. #Tesla's incomplete Texas and German factories are key... 5/15

...to the faith, as are his battery promises. Even as he shifts his "Full Self Driving" lies, remember that fanboys are not rational, because their egos and livelihoods depend on mutually-reinforcing fallacies.
They simply ignore proven lies, and latch onto new lies. 6/15

Again, it is a faith-based, psychological thing. As long as Musk can keep up the illusion that his lies will inflate $TSLA's stonk price, the faith stays intact. Faith is only shattered when he his lies stop working.
But that goes to the original question... 7/15

How will an elevated stonk price fall, if what keeps it high is that it is... high?
Because $TSLA is an exercise in excess. He cannot rest, he and his fanboys are stuck on the proverbial hamster wheel. Musk's lies have to get bigger and bolder. He has to keep promising more. 8/15

From "Autopilot" to "Full Self Driving" to "robotaxis" to "general AI". From 35 GWh to 100 GWh to TWh and beyond. From a computer brain interface to curing Alzheimers and autism. From shooting rockets to saving the light of consciousness. The pattern is clear. 9/15

The lies have to keep getting bigger and more outrageous.
The entire edifice of Elon Musk's #frauds, and the faith of his fanboys/enablers in $TSLA's stonk price, will collapse when his lies collapse.
How? When Musk gets indicted for fraud, for example. Beta males fear... 10/15

...getting cuffed more than anything. Not just the fear of jail - it is the shock to their precious egos of perp walking as their suburban neighbors gawk. Musk getting cuffed will make $TSLA fanboys cringe about guilt by association.
But that is a bit extreme. What else? 11/15

Sales plateauing and/or Zach not being able to cook the books any more than he already has. Numbers still matter because fanboys fantasize about every car, truck, semi, manservant, and sex robot being a #Tesla. While that illusion is maintained at any cost, faith remains. 12/15

Anything else? Musk getting margin called during this $TWTR debacle. Musk suffers some kind of key person problem. Musk announcing that he is stepping down to spend more time with (some excuse).
When the lies stop working or get reversed. 13/15

But as long as the faith holds, I really do not think $TSLA's stonk price will drop much. The combined buying power of ten thousand desperate beta baggies worldwide blowing their bi-weekly paychecks to pick up "the cheapies"/buy calls is considerable. 14/15

In all, $TSLAQ should be familiar with everything written here. I do not think the stonk price will fall for at least the next few months. Q2 may work out as Zach works more accounting magic. But my gut feeling is that late 2022 is when the stonk price will meet reality. 15/15