[nirav72]

>I have to wonder if Elon has spent too much social capital for this kind of cult of meme stock strategy to work again.

If social capital was an indicator , then Tesla stock would've cratered 2 years ago. Despite demand for tesla vehicles dropping. I don't think social capital matters these days.

[Grombobulous]

Tesla still has the benefit of selling actual cars and being a profitable company, plus they’re already in all the important index funds receiving automatic investment.

SpaceX doesn’t really have those advantages from day one.

Tesla may be overvalued but I think the stock would have been negatively impacted if they spent the two years losing money.