WSB (WallStreetBets) is a Reddit community of investors and traders who follow the stock market. The WSB list includes stocks that receive a lot of media attention and have a strong sentiment from retail investors. The popularity of these stocks among retail investors combined with social media creates viral trends with a global reach and large price movements. WSB investors are attracted to "meme stocks" and popular "blue-chip" stocks due to their familiarity, volatility and momentum. Since meme stocks often experience rapid price movements, traders can potentially make quick profits as more investors rally around a stock, creating a sense of community among meme stock traders. Many people who invest in meme stocks are active participants in online forums and social media groups where they share information and insights about trading strategies, market trends, and individual stocks.
Elon Musk: "The American auto industry is very difficult", only Ford and Tesla have not gone bankrupt yet.
When asked why Tesla did not acquire rival Rivian, Musk responded that he hopes Rivian everything goes well, America's car-mart industry is very challenging, and without the breakthroughs in electrification and autonomous driving, Tesla would not have been successful.
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