Many bulls had expected the stock to dip even lower, with commenters on the thread saying they expected a 10% drop but took the opportunity to buy anyway. Instead, the slight dip sent Tesla bulls running to invest. Simply, they were expecting more of a drop and a chance to sell and profit. This meme depicts the sentiments of bears – or Tesla shorts. Bears are traders who do not believe a stock will rise, and may even try to “short” the stock, to earn money when it drops. The rainbow and bear emojis, together, translate into a gay bear, since a rainbow is a symbol for the LGBTQ+ community.
It comes with the comment, “Not a but gotta be honest, I expected worse.” To understand the meme, you need to understand some retail trading terminology. This meme, which received 97% upvotes on Reddit, has a lot to unpack. The Tornado selfie meme is resurrected every so often in clever ways.
Not a ?, but gotta be honest I expected worse. The general sentiment? The dip is hardly anything to worry about it just gives Tesla investors another chance to mock the short-sellers. We spent (probably way too much) time on the WallStreetBets subreddit to find some of the best memes and dug deep to unveil their hidden – and sometimes not-so-hidden – meanings. What it did, however, was cause a flurry of memes across the web, which is not surprising as Musk has often been identified as a “meme lord.” The slight dip wasn’t enough to cause Tesla faithfuls to go on a buying spree, but it also wasn’t enough to make Tesla short-sellers happy. Tuesday morning, just prior to market open, it’s holding at $1,162.94, a drop of less than $100 from last Thursday’s high of $1,238.37, and a rise from Monday’s dip, where it hit under $1,150. Instead, Tesla saw a dip of between 5% and 7.9% over the weekend and into Monday. Normally, news of a sell-off that substantial could cause a stock to crash. Musk holds 17% of Tesla’s one billion shares. See: Musk Tweets That Tesla/Hertz Deal ‘Not Signed,’ Stock Takes 5.2% Hitįind: Musk’s Twitter Antics Could Come With an Additional $5 Billion Tax Bill Tesla has gotten 832 mentions on Reddit’s retail trading sub-thread, r/WallStreetBets, after the EV manufacturer’s stock dipped 5% on Monday when the results of a Twitter poll implied Tesla TechnoKing Elon Musk would be selling 10% of his shares. Patrick Pleul/POOL/EPA-EFE/Shutterstock / Patrick Pleul/POOL/EPA-EFE/Shutterstock