Absolutely correct. I care about the status of my car.
If you are a partner at a law firm, you should drive certain cars. For example, I liked the Honda Clarity, but I wasn't going to start driving a Honda. I came down to two cars which are appropriate: a Tesla and a Mercedes.
My point in response to the OP was both brands have status. I was defending Tesla. In 6 years, there will always be someone who wants to by your Model 3 because it's a Tesla. If it were a Chevy, they wouldn't even consider it.
In car buying, status matters for most people, even if they won't admit it.
I drive a Mercedes. I freely admit that I care about status. What bothers me is that most Tesla customers won't admit it.