this post was submitted on 05 Apr 2025
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Tim Walz with the bangers (slrpnk.net)
submitted 3 months ago by [email protected] to c/[email protected]
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[–] [email protected] 111 points 3 months ago* (last edited 3 months ago) (1 children)

Walz has been specifically mocking Tesla's stock plummet these past few months. Hes not saying they are equally important, hes just using this to taunt Musk.

A 1 day 10% drop is a gut punch worth mentioning. Being a meme stock means that the only thing holding it up is the idea that it will always go up. When the meme fades and it has to compete on fundamentals, a car company missing sales targets by 13% in one quarter ain't gonna do it.

[–] [email protected] 7 points 3 months ago (1 children)

Thanks for clarification. Still, looking at the Tesla chart similar upward/downward movements happed several times. It doesn't appear that special to me for that stock.

And yes, Tesla is not the same category of meme Stock as Gamestop. Still, compared to other stocks, the development of the share value is far less dependend on the operative success of the company. It feels more like a Musk stock that's influenced by news and tweets around his person going back and forth between hype and desaster.