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“Tesla acting like a meme stock — sagging fundamentals, straight up price action,” the former chief investment officer and co-founder of Pimco said in a post Tuesday afternoon on X.
Both the meme and the X post disproportionately compared statistics on one of Ford's past car models to those of all models of present-day EVs manufactured by Tesla. The "232 Teslas blown up ...
Now, it's a meme, too, but $420 is a reference for the wild ride that Tesla's gone through as a high risk start-up, which has since gone on to become one of the world's most valuable companies.