this post was submitted on 13 May 2025
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Tesla stock is up 21% in the last week. What is going on?!
Speculators/inside traders betting on (more) favourable rule changes or a fat govt supply contract perhaps
Who knows / cares- it's a meme stock. Has about as much relation to Tesla's ability to sell cars as the price of any cryptocurrency has to its ability to be used as actual currency.
dead cat bounce
TIL: https://en.wikipedia.org/wiki/Dead_cat_bounce