I would disagree with this quite strongly. Most brands have several different tiers of products. Often, especially for the budget-level options like Squiers, the manufacturing is outsourced. For example, my first electric guitar was from Cort, a South Korean company whose main business at the time was doing contract manufacturing for Ibanez, Squier, PRS, and G&L, Kramer, Honer, and more. Literally the same wood and parts, just with slightly different shapes and branding.

The highest-end, elitist guitars would be small shops that focus on handmade custom work. Stuff like Dunable or what PRS used to be. Jackson is now owned by Fender, but it used to be a more premium brand. Custom shop stuff is always going to be premium regardless of brand- Schecter, Ibanez, Dean, Gibson, Fender, doesn't matter.

To compare this to OP's prompt, it would be like if Hershey did custom high-quality chocolate options, also sold good quality chocolate, and also sold a decent value option in grocery stores, and also sold the plastic brown goop they sell today as a budget option.