Tesla's stock price has soared like a rocket in recent days, with an increase of nearly 50% in the past month. Short sellers suffered huge losses, and even bond king Bill Gross couldn't help but jump out and say Tesla is like a meme stock. However, Wedbush analyst Dan Ives believes that Tesla is the most undervalued AI company on the market.

Tesla short sellers are losing blood

Tesla short sellers took $5.7 billion in unrealized losses last week, taking annual losses to $1.7 billion, according to data analytics firm Ortex. Short interest in Tesla's free float hit 3.84%, the highest level since 2021.

Bill Gross: Tesla is like a meme stock

Bill Gross, a well-known investor with the title of "Bond King", said that the stock price of Tesla (TSLA-US), a major American electric vehicle manufacturer, is like a meme stock. The fundamentals continue to be weak, but the stock price is rising. Straight up.

He also said that recently there have been new meme stocks almost every other day, mostly pump-and-dump, such as Chewy, Zapp and the long-established GME.

Tesla is the most undervalued AI company on the market

Wedbush analyst Dan Ives believes that Tesla is the most undervalued AI company on the market.

Tesla’s upcoming Robotaxi event on August 8 will provide investors with a better understanding of Tesla’s progress in autonomous driving. Dan Ives believes that the event will announce impressive events and drive the stock price higher.

Tesla will also release its second-quarter earnings report after the U.S. stock market closes on July 24.

Tesla is making a lot of money, is it reasonable for my girlfriend to ask for dividends from Chanel bags?

With the recent surge in Tesla's stock price, a heated discussion also appeared on Dcard.

An anonymous netizen said that his girlfriend mentioned during the chat that "Tesla's stock price has been very low recently, and autonomous taxis and self-driving cars will definitely rise in the future." She asked him to consider investing his spare money in Tesla at $156. Bo made a million Taiwan dollars. Unexpectedly, when I shared this joy with my girlfriend, she thought it was a stock she recommended and asked for a 250,000 Chanel bag as a dividend. Is this reasonable?

As a result, some netizens suggested that he invest in cryptocurrency

Open the leverage to the maximum and play with the contract. When the time comes, I will only have one Hermès!

This Article Tesla’s Shocking Rally Is TSLA the Most Undervalued AI Stock or Meme Stock on the Market? First appeared in Chain News ABMedia.