Here’s a point of reference on meme stocks for people who thinks it’s too late to get in or who think it’s close to peaking. Tesla: 948M outstanding shares; market cap: $837B. GameStop: 69.75M; market cap: $5.36B.

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Those are absolutely ridiculous metrics use to support your point

likefunny

Market cap matters, but market cap comparisons between two unrelated companies in completely different industries are meaningless. Share count and price per share legitimately do not matter - you could double the share count of a company and halve the price per share and nothing would change

I don’t understand the comparison.

But I hold a small position GME (100 shares) and not planning on selling. I don’t mind if I hold all the way to 0.

Vive la révolution.

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Same. I got in so early that this is just entertainment money now

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Not trying to pump it up. Hoping to alleviate some of the anxiety people are feeling right now.

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Haha. The optimism and greed.

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While very accurate, I think the 2 are in different classes. Tesla is at least somewhat substantiated with fundamentals and while at times it was squeezed and pushed higher it was never to the point where it doubled in a day. It was a more gradual squeeze, probably because the shares were so expensive most retail couldn't buy in bulk. When you have a 100+% return in a day like GME, catching the wave is infinitely more risky. I think it can and will go higher but it is going to crash in the coming weeks whereas Tesla has been able to hold its share price.

Tesla is worth more than all the other automakers combined...not sure what fundamentals substantiate that but it’s preposterous.

I’m more thinking that they say there’s 5B of short interest still in there. If it gets totally squeezed, wouldn’t the market cap only increase by that much in a perfect scenario? Or is the 5B short interest only their premium?

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