Because there aren't enough teslas to redeem even a tiny fraction of dogecoin. There are currently 132.7 billion in circulation. That would imply redemption requiring around 1 billion teslas. Tesla has only sold about 4M cars in 15 years. That suggest that it would take 3,750 years to get enough Teslas to redeem dogecoin assuming there was never another dogecoin minted. Thus, there would be an equivalent to a Tesla bank run where Tesla can't possibly provide the Teslas required to redeem all the dogecoin.
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