{"id":189145,"date":"2021-02-25T21:47:28","date_gmt":"2021-02-25T18:47:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tesla-stock-has-significant-link-to-reddit-posts-analyst\/"},"modified":"2021-02-25T21:47:28","modified_gmt":"2021-02-25T18:47:28","slug":"tesla-stock-has-significant-link-to-reddit-posts-analyst","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tesla-stock-has-significant-link-to-reddit-posts-analyst\/","title":{"rendered":"#Tesla stock has ‘significant’ link to Reddit posts: analyst"},"content":{"rendered":"

“#Tesla stock has ‘significant’ link to Reddit<\/a> posts: analyst<\/strong>”
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Tesla might be the biggest meme stock of them all.<\/p>\n

The electric-car maker\u2019s stock price app<\/a>ears strongly connected to how many people are talking about it on Reddit\u2019s WallStreetBets forum, Barclays analysts say.<\/p>\n

After scraping data from the foul-mouthed message board behind the recent Game<\/a>Stop frenzy, the bank\u2019s researchers found a \u201cstatistically significant\u201d relationship between the number of posts about Tesla and its performance on the market.<\/p>\n

\u201cWe have painfully learned that social media memes can matter more for TSLA share performance than actual financial metrics, fundamentals or (dare we say) valuation,\u201d Barclays analysts led by Ryan Preclaw and Brian Johnson wrote in a research note this week.<\/p>\n

Tesla shares tended to outperform the S&P 500 one or two days after big upticks in WallStreetBets submissions about the stock, the analysts found.<\/p>\n

Tesla also had positive returns in the days leading up to 20 spikes in Reddit posts about the stock over the past five years, meaning \u201cthe statistical significance does not seem caused by only a single event,\u201d the researchers said.<\/p>\n

\u201cIn the model we think is most appropriate, a swing up of 7 or more submissions today over yesterday has been predictive of outsized returns in TSLA stock tomorrow,\u201d the Barclays team wrote in its Tuesday note.<\/p>\n

But the findings came with some caveats. The analysts only examined WallStreetBets posts that mentioned Tesla\u2019s ticker symbol without referencing any other stocks. There also might not be enough data to make a rock-solid link between Reddit chatter and Tesla\u2019s movement, according to the note.<\/p>\n

\u201cThe situation has been so dynamic that there are simply too few examples to be confident of a stable process between WSB posts and TSLA returns,\u201d the analysts wrote. \u201cEven more than usual, past results might not predict future performance.\u201d<\/p>\n

Tesla shares tumbled as much as 6.3 percent to $695 on Thursday after Bloomberg News reported<\/a> that the Elon Musk-led automaker had halted some production of its Model 3 sedan at its California plant for about two weeks.<\/p>\n

The stock came under pressure earlier this week amid a drop in the price of bitcoin, which Tesla added to its balance sheet last month.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Tesla stock has ‘significant’ link to Reddit posts: analyst” Tesla might be the biggest meme stock of them all. The electric-car maker\u2019s stock price appears strongly connected to how many people are talking about it on Reddit\u2019s WallStreetBets forum, Barclays analysts say. After scraping data from the foul-mouthed message board behind the recent GameStop frenzy,…<\/p>\n","protected":false},"author":1,"featured_media":189146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/tesla-stock-reddit-related.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[95117,95266,39394,5005,70359,36402],"class_list":["post-189145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-25-21","tag-barclays","tag-elon-musk","tag-reddit","tag-stocks","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/189145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=189145"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/189145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/189146"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=189145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=189145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=189145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}