Electric vehicle maker Tesla Inc. TSLA has emerged as the most-discussed stock on Reddit’s r/WallStreetBets forum as of early Monday.
What Happened: Tesla is seeing the highest interest on the forum with 172 mentions as at press time, followed by exchange-traded fund SPDR S&P 500 ETF Trust SPY with 109 mentions, data from Quiver Quantitative showed.
Videogame developer Roblox Corp. RBLX and videogame retailer GameStop Corp. GME are in the third and fourth positions, having attracted 29 and 28 mentions respectively.
See Also: How To Buy Tesla (TSLA) Stock
Why It Matters: Tesla is seeing high interest on the forum after the company reported record fourth-quarter and annual deliveries that far exceeded analysts’ estimates despite supply chain disruptions.
Tesla CEO Elon Musk took to Twitter to applaud the work done by the Tesla team worldwide. He later tweeted, “Let’s make the roaring 20’s happen!”
Roblox’s shares closed higher in Friday’s regular trading session as the anticipation of the metaverse grows bigger.
It was reported on Friday that Ritholtz Wealth Management's Josh Brown announced on CNBC's “Fast Money Halftime Report” that he has initiated a position in Roblox and suggested that the metaverse may already be here.
Price Action: Tesla shares closed almost 1.3% lower in Friday’s regular trading session at $1,056.78.
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