Guess what? For years and years and years, everyone thought "Wall Street" was right, because real estate prices kept going up and up and up and up. People who saw what was happening, like Michael Burry, took an absolute thrashing on their short positions for years because the market refused to correct itself, it just kept going up despite the problems becoming increasingly obvious.
That is not obviously different from the Tesla situation. Chamath sounds like he's cheerleading the exact kind of narrative that he criticized Wall Street for not being critical of. And in any case it's not like the history of Tesla ended last week, so absolutist statements of "right" or "wrong" are nonsense.
If GME debacle taught us (again?) anything, it's that markets are moved by narratives. And those raccoons who control the narrative can move the market towards their favour.
Great post on epsilon theory on this https://www.epsilontheory.com/hunger-games/