Of course, it's no mistake that Musk mentions revenue and not net income. After all, if Tesla proved one thing over the last 18 months, it's that fundamentals of any sort don't matter anymore. And if the Central Banks have helped prove one thing over the last several years it's that revenue apparently means worlds more than net income or cash generation ever will.

Paging Benjamin Graham...

Regardless, we also pointed out that the law of large numbers isn't just zapping Tesla, it could also wind up backfiring on Tesla-uber bull Cathie Wood over at ARK Funds, as we noted last week. 

And make no mistake - once all the logical fallacies that were once considered to be Tesla bull cases peel back, one by one, soon Tesla will only have its fundamentals to cling to. And we're not sure that's going to provide the "gamma squeeze"-style returns that such "visionaries" as Cathie Wood and Ross Gerber have gotten used to.

The saga continues...