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> An automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED. This doesn't give you the slightest bit of pause?
by ceejayoz 1y ago
> An automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED.
This doesn't give you the slightest bit of pause?
- TimorousBestie 1y agoIt can’t; this is how meme stocks operate. If too many traders examine their motives and revert to trading rationally, the stock price corrects accordingly.
- robocat 1y ago> meme stock Poor explanation since ~50% stock is owned by institutions. I think retail holds 38% of ownership. Rest of ownership is mostly Elon ~13%. indexed fund ownership doesn't explain institutional holdings. Tesla is 5% of NASDAQ 100 by market cap. Vanguard owns 7.7%, BlackRock owns 6.4%. Disclaimer: not a financial analyst and I might have numbers wrong (mostly from Tiger Trading App).