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Didn’t Elon Musk become the richest man in the world during this stock rally? Didn’t he also cash out big time? Am I off base calling Tesla a quasi-meme stock?
by mw888 4y ago
Didn’t Elon Musk become the richest man in the world during this stock rally? Didn’t he also cash out big time? Am I off base calling Tesla a quasi-meme stock?
- irthomasthomas 4y agoI know. Musk could not have pulled off this stunt without that massive QE in 2020. If not for that TSLA would be at 200 ish? Anyway, who was the main driver of that QE program? I'm not American, so I'm asking sincerely. What would China do? Take over the company and run it for the good of the people? I'm not a fan of communism, but I wouldn't mind seeing $TSLA nationalised to repay the QE debt.
- mw888 4y agoOur Federal Reserve has that authority, but as far as I know Tesla was not a target of direct QE, rather, inexperienced traders invested their money in the stock because they wanted to invest and it’s a household name.