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>I have to wonder if Elon has spent too much social capital for this kind of cult of meme stock strategy to work again. If social capital was an indicator , th
by nirav72 3mo ago
>I have to wonder if Elon has spent too much social capital for this kind of cult of meme stock strategy to work again.
If social capital was an indicator , then Tesla stock would've cratered 2 years ago. Despite demand for tesla vehicles dropping. I don't think social capital matters these days.
- Grombobulous 3mo agoTesla still has the benefit of selling actual cars and being a profitable company, plus they’re already in all the important index funds receiving automatic investment. SpaceX doesn’t really have those advantages from day one. Tesla may be overvalued but I think the stock would have been negatively impacted if they spent the two years losing money.