"Stuff Elon says" (TSLA)

In early pre-market trade the stock is down $10.61 (-3.44%) at  $298.16, not quite as bad as yesterday's final after-hours print of $294.
The market's initial reaction to the earnings release was muted, off a few bucks, but then Elon started talking.
From FT Alphaville:

Elon Musk is often dubbed a genius.

And yet... if the following statement Musk made during the Tesla Q4 earnings call is anything to go by, he has a habit of stating the obvious and thinking it sounds deeply profound and insightful:

The demand for - the demand for Model 3 is insanely high. The inhibitor is affordability. It's just like people literally don't have the money to buy the car. It's got nothing to do with desire. They just don't have enough money in their bank account. If the car can be made more affordable, the demand is extraordinary.

So, to help introduce Elon to the concept of how demand and supply interacts with price we thought we'd take the above quote and adapt it according to various economic scenarios in classic econ text book style.

Scenario one: Private jets
Johnny is a labourer on minimum wage. Johnny idolises the pop star lifestyle....MORE. so much more

And we'll be back with more stuff Elon says after the open.