You're stuck thinking rationally. They could dilute this stock 20% and the longs would just call it an investment in the future. Sad but true.
You and Musk probably do have similar IQs (in the 108-112 range). The only difference is you're a nobody and he's a reality TV star.
An additional 240v circuit (most people already have one or more for an oven, dryer, etc) will not cost anywhere near $3500-$5000 unless maybe you live in CA. A 240v circuit is not enough to charge a vapormobile quickly.
"Well $350 million of that was spent in April to pay down the ABL."
Not long ago Tesla indicated the money would be segregated and used only when applied to the sale of an actual car. If you are right there is $350 million less to repay those who made deposits.
"I don't want to go into total capital requirements for the Model 3 program"
If you knew what he knows you wouldn't want to go into it either.
That would separate the 20% who would actually go ahead and buy a car from the 80% who'll ask for their money back (after lengthy production delays and quality problems).
He's one of those posters that always claims to have bought at the lows and sold at the highs. Almost as believable as Musk himself.
It's like Barnum posting his "This Way To The Egress!!" sign. A little slimy, a little clever, but not illegal.
The leaders of the green religion can be just as corrupt as leaders of other religions have been.