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Reddit traders may agree with Tesla bulls who believe the company will eventually grow into its $785 billion market cap.Ĭhinese e-commerce and cloud computing giant Alibaba has been at the mercy of regulators throughout 2021. Tesla shares hit new all-time highs above $900 earlier this year, but the stock is now trading at 109 times forward earnings and 18 times sales. Musk’s most recent controversial decision was the announcement that he is moving Tesla’s headquarters from California to Austin, Texas. Here are eight Reddit stocks generating the most buzz in Reddit’s WallStreetBets community in October, according to Swaggy Stocks.Įlectric vehicle maker Tesla and its controversial CEO Elon Musk are two of the most divisive subjects on Wall Street, so it’s no surprise that Tesla has been among the top trending Reddit stocks all year. Congress has even held a hearing to better understand the Reddit trading phenomenon. Some of Reddit’s favorite meme stocks have skyrocketed in price, but the extreme volatility and risk associated with these stocks is not for the faint of heart. Groups of online retail traders have successfully orchestrated targeted buying campaigns in some of the market’s most shorted stocks, generating massive short squeezes in so-called “meme” stocks. Reddit has become an unlikely hub for stock trading in 2021. WallStreetBets posters are buzzing about these eight Reddit stocks. Business & Finance Click to expand menu.