It causes the insurance companies to crank up the fees for insuring Teslas, which makes people think twice about buying a Tesla, which results in way more than 80 lost sales.
Tesla’s valuation is already overinflated based on expectations of future growth rather than current market, so those lost sales end up translating into way more of a loss in value for the stock price than those lost sales’ literal dollar value.
Billionaires often leverage their stocks as collateral for loans, so those stocks losing value can end up costing the billionaire more than the dollar value loss alone.
It causes the insurance companies to crank up the fees for insuring Teslas, which makes people think twice about buying a Tesla, which results in way more than 80 lost sales.
Tesla’s valuation is already overinflated based on expectations of future growth rather than current market, so those lost sales end up translating into way more of a loss in value for the stock price than those lost sales’ literal dollar value.
Billionaires often leverage their stocks as collateral for loans, so those stocks losing value can end up costing the billionaire more than the dollar value loss alone.
There are some advantageous feedback loops here.