Tesla, on the other hand, is a leader in electric cars and sustainable energy and has given investors plenty of ups and downs since the COVID-19 pandemic.
Over the last ten days, Tesla shares are up 25 percent. It started by reporting a delivery beat over Wall Street consensus figures for Q2, its strongest quarter in terms of energy deployment.
Gross says Tesla is 'acting like a meme stock,' as it has increased in value considerably despite 'sagging fundamentals.'
Gross mentions there seems to be a new meme stock every other day now, most of which are 'pump and dump,' referring to Chewy.
[
Collection
]
[
|
...
]