[stuxnet79]

> As is the case with Elon's companies (and a bit of the market itself), it feels like any logical valuation has no impact on the actual stock price.

Has this type of phenomenon been studied or formalized in any way by economists? I mean specifically how a cult of personality develops around a single individual causing the market to lose its shit. Or the increasing meme-ification of financial instruments.

These are both uniquely 21st century phenomena. But I'm not familiar enough with finance / economics to know what to read up on to understand what is going on.