Tesla Becomes Top WallStreetBets Interest Heading Into Earnings Week; GameStop, Coinbase And These Are Other Trends - Tesla Motors (TSLA) | Benzinga

Tesla Becomes Top WallStreetBets Interest Heading Into Earnings Week; GameStop, Coinbase And These Are Other Trends – Tesla Motors (TSLA) | Benzinga

Tesla Inc. (NASDAQ: TSLA) has actually emerged as the most-discussed stock on Reddits r/WallStreetBets forum since Sunday night, while Upstart Holdings Inc. (NASDAQ: UPST), GameStop Corp. (NYSE: GME), Coinbase Global Inc. (NASDAQ: COIN) and Facebook Inc. (NASDAQ: FB) are also seeing high interest.
What Happened: Exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) is seeing the highest interest on the forum with 146 points out as at press time, followed by electrical vehicle maker Tesla with 113 discusses, information from Quiver Quantitative revealed.
Consumer financing platform Upstart and videogame seller GameStop remain in the 4th and third positions, having attracted 37 and 33 points out, respectively.
Apart from cryptocurrency exchange platform Coinbase and social media giant Facebook, the other stocks that are trending on the online forum consist of Canadian cybersecurity company Blackberry Limited (NYSE: BB), logistics company Ryder System Inc. (NYSE: R), online personal financing business SoFi Technologies Inc. (NASDAQ: SOFI) and information analytics business Palantir Technologies Inc. (NYSE: PLTR).
Why It Matters: Tesla is seeing high interest on the online forum as the Elon Musk-led business is scheduled to launch its financial outcomes for the 3rd quarter after market close on Wednesday, Oct. 20.
The stock increased on Friday after it was reported that Jefferies analyst Philippe Houchois maintained a Buy score on the stock and raised the businesss price target from $850 to $950.
Coinbase has emerged amongst the most-discussed stocks on the online forum after the business said last week it prepares to go into the non fungible tokens (NFT) market by introducing an NFT platform called Coinbase NFT.
Mark Zuckerberg-led Facebook said it would develop 10000 new jobs in the European Union over the next 5 years as part of its efforts to develop “the metaverse,” a recommendation to shared online experiences using technologies such as enhanced and virtual reality.
Cost Action: SPDR S&P 500 ETF Trusts shares closed almost 0.8% greater in Fridays trading at $445.87, while Tesla shares closed more than 3% higher at $843.03.
Upstart Holdings shares closed 2.7% higher in the routine trading session at $390.00.
This content was originally released here.


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