Did you already forget about all the homes that were foreclosed because somebody gave those people mortgages for homes they couldn’t actually afford?
Have you looked up national credit card debt?
Have you never seen a homeless person walking around with the latest and greatest iPhone?
People notoriously make bad financial and/or bad purchasing choices. That’s not actually what’s going on here with people upgrading from beaters or basic utility vehicles to Teslas.
Two DIFFERENT situations.
I’ve driven used/beaters pretty much my whole driving life until Tesla. Not because I couldn’t have afforded more expensive or new cars, but because I wanted to spend my money on something else or save it for something else, and having a ‘nice’ car wasn’t a priority or necessity or a care. My vehicles needed to be reliable and functional. I got those for bare bones costs because (read above). Now I’ll buy only Teslas because no emissions, because home fueling, because inexpensive long distance travel, because functionality, because reliability, because every possible reason anyone can come up with. Good thing I made wise choices with my money over the years, eh?