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King Of The Memes: Are Tesla Shares Impacted By Reddit Posts?

“We have painfully learned that social media memes can matter more for TSLA share performance than actual financial metrics, fundamentals or (dare we say) valuation,” Barclays analysts led by Ryan Preclaw and Brian Johnson said in a research note. “In the model we think is most appropriate, a swing up of 7 or more submissions today over yesterday has been predictive of outsized returns in TSLA stock tomorrow.” Despite the findings, the study notes that there isn’t yet enough data to e...
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Barclay's Analysts Bet Tesla Stock Is Being Propped Up By r/WallStreetBets

The Tesla Gigafactory Berlin-Brandenburg under construction on Feb. 21, 2021 in Germany. (Photo: Sean Gallup, Getty Images) To sign up for our daily newsletter covering the latest news, features and reviews, head HERE. For a running feed of all our stories, follow us on Twitter HERE. Or you can bookmark the Gizmodo Australia homepage to visit whenever you need a news fix. Tesla might be the beneficiary of the GameStonks effect, at least according to analysts for the British bank and investment ...
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Out of Options

Email Address Three weeks into lockdown I got into the market. At home one afternoon while the incipient pandemic took off, I got a phone call from a friend who told me that a friend of his had been making hundreds of dollars trading financial instruments online. With only slightly better timing, he would’ve been up thousands. Now my friend, too, was in the market, and he was also up. This was not to apply pressure, of course, he just didn’t want me to miss out. Plus my stimulus check was p...
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