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"For all the current Tesla shareholders planning to offload their holdings in the next couple of years, everything hinges on the company succeeding as a meme stock, and Musk is diligently working ...
“But then there seems to be a new meme stock every other day now. Most are pump and dump.” Tesla is on a stunning 10-day winning streak, up a whopping 43.6% since June 24.
"Tesla acting like a meme stock — sagging fundamentals, straight up price action," he wrote. "But then there seems to be a new meme stock every other day now. Most are pump and dump.
The distinction between a meme stock and a non-meme stock is not always clear; for example, Tesla has some of the characteristics of a meme stock: a high price-earnings ratio and being frequently discussed by amateur retail traders on social media, yet some professional analysts do not consider it to be overpriced. [17]
Tesla, Inc. (/ ˈ t ɛ s l ə / ⓘ TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
The meme went viral and became a common reaction image on Reddit and Twitter. [6] [7] On February 1, 2019, Elon Musk bought the domain name "stankmemes.com" according to his tweet. [8] [9] In June 2020, when Tesla Inc. shares soared he tweeted "stonks" and the website featured this meme. [10] [11] [12] [13]
Another key success driver is AI development, which Musk said will make 2025 the most significant year in Tesla's history. "There is no company in the world that is as good at real world AI as Tesla.
“Tesla acting like a meme stock—sagging fundamentals, straight up price action,” the Pimco founder posted on X Tuesday. “But then there seems to be a new meme stock every other day now.