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Tesla Inc. (NASDAQ:TSLA) is “acting like a meme stock,” said investor and fund manager Bill Gross, in an X post.
The American investor and co-founder of PIMCO tweeted that Tesla (TSLA) has “sagging fundamentals, and straight up price action.”
The stock is up about 6% year-to-date, but went up 48.74% from a month ago, up 6% just in the last five days, and about 4% from yesterday — currently at 263.
Gross also said that “there seems to be a new meme stock every other day now,” of which “most are pump and dump.”
Among those, he mentioned Chewy Inc. (CHWY) which is down 32.35% from a year ago, but up 4.95% year-to-date, up 8.73% from a month ago, but down 2.32% from yesterday.
He also mentioned Zapp Electric Vehicles (ZAPP), which is down 69.44% from a year ago, but up an impressive 1,622.75% from a month ago, and up 246.93% just from yesterday.
And he mentioned the “old favorite” GameStop Corp. (GME), which had two price hikes in May, but it is now down to 24.49, up 39.48% year-to-date, but down 9.53% from a month ago.