Tesla shares gave up some post-election gains today. There isn't a single-factor trigger but here's a bit of the more bearish Wall Street talk. Tldr: Tesla is a meme stock, price is out of line with the EV makers' real growth prospects, lotta key man risk around Musk. https://www.cnbc.com/2024/12/18/tesla-shares-sink-8percent-giving-up-some-gains-from-post-election-pop.html
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But yes, it is now a true meme stock.