Veteran investor Bill Gross feels that Tesla is acting more like a retail investor speculative play.
In a post on X Tuesday afternoon, the former Pimco co-founder and chief investment officer stated, “Tesla acting like a meme stock — sagging fundamentals, straight up price action.”
Nevertheless, it appears that a new meme stock is released every other day as of late. Most use a pump and dump system.
With a staggering 43.6% gain since June 24, Tesla is currently enjoying a 10-day winning streak. The initial catalyst for the surge came from Tesla’s better-than-expected second-quarter car production and delivery figures.
Source (CNBC)
