Let's compare the daily trading of $Tesla (TSLA.US)$ with th...
Let's compare the daily trading of $Tesla(TSLA.US$ with that of $GameStop(GME.US$, the most famous WSB darling and meme stock.
Tesla:
- Average volume 24.7M
- Today's price $1116
- Average daily $$ volume traded $27.5B
- Average volume 24.7M
- Today's price $1116
- Average daily $$ volume traded $27.5B
GameStop:
- Average volume 2.6M
- Today's price $212
- Average daily $$ volume traded $550M
- Average volume 2.6M
- Today's price $212
- Average daily $$ volume traded $550M
The average daily dollar volume trading in Tesla is 50 TIMES that of GameStop. So no, retail investors are not driving up the trading price of Tesla shares like they have in meme stocks like GameStop.
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John Dow : WSB made a name for themselves with the way they were able to manipulate the Gamestop stock. Tesla is a different ball game though, just look at the market cap of Tesla at +1t $ vs Gamestop at around 16b $, it takes quite a lot more to manipulate the price of a company that big.
woodfill : Gamestop was at 4 and it peaked at 325 or so. It's still above 200. I would not say that story is "mostly over".
Johnsh woodfill: I'll concede that - I guess it's over as far as the general public's horizon and news headlines go however it still receives significant attention.
VertigoWalls : The float for $Tesla (TSLA.US)$ is 812M. $GameStop (GME.US)$ is less than 8% of that. When considering the potential for price movement from retail investors, I am surprised that someone who has a basic understanding of the market would omit this statistic.