Bill Gross’ Janus Henderson Global Unconstrained Bond Fund suffered more than $200 million in redemptions last month, reducing assets to $1.25 billion from $2.24 billion in February.
Lucy Nickerson | Reuters
Long-term investor Bill Gross thinks Muskof Tesla This is like speculation among retail investors.
“Tesla is acting like a meme stock — fundamentals are weak and price is skyrocketing,” the former PIMCO chief investment officer and co-founder said in a post on X Tuesday afternoon. Every once in a while a new meme stock pops up.
Tesla is enjoying an astonishing 10-game winning streak, rising 43.6% since June 24. Second quarter automobile production The delivery numbers beat analysts’ expectations.
Tesla’s run
Gross, once the most influential investor in the U.S. bond market, seemed to believe that strong delivery reports were not enough to justify such a jaw-dropping rise.
The 80-year-old investor also linked Tesla to very chewy, Zap and "Old Favorites" game station. Chewy recently achieved meme status with internet celebrity Roaring Kitty, who inspired the 2021 GameStop frenzy, Bought a large stake in pet retailer.
Gross previously revealed that he Get involved Trade GameStop and AMC options to make quick profits in 2022, calling these stocks “lottery stocks.”
Tesla shares are still up only about 6% so far this year, lagging the S&P 500, which has gained 17%.
