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Benzinga

Business

Chris Katje

Tesla 'The Biggest Meme Stock' Ever? Expert Says 'Too Much Emphasis On The Magic Wand Of Musk'

Elon Musk Tesla Inc. electric vehicle

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When it comes to memes, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is a fan. But when it comes to calling his electric vehicle company a "meme stock," he's not amused. One investing expert, however, argues that Tesla deserves the meme stock label given its current valuation.

What Happened: Tesla has often traded with a valuation higher than its automotive peers, a valuation that Ark Invest CEO Cathie Wood believes should be a reality.

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