Tesla has been a meme stock for about five years now, maybe more. Its valuation correlates with Musk's abilities as a showman and media figure, not a businessman.
GME did not beat the S&P500 over the past 10 years, and it is just the evidence of you needing to verify your claims before making them.
Over the past 5 years[0]: S&P500 up by 77%, GME down by 50%.
Over the past 10 years: S&P500 up by 260%, GME up by 207%.
GME performance in the past 10 years doesn't indicate that Ryan Cohen is a business genius. It indicates that he runs a company that has been underperforming the market for at least the past decade.
0. https://www.google.com/finance/beta/quote/.INX:INDEXSP?windo...
From Yahoo Finance
GME Jan 1, 2016: $7.09, $5.49 adjusted (accounting for dividend disbursements)
GME Jan 1, 2026: $20.09
266% or 365% return depending on how you count dividends. 365% for GME vs. 306% for S&P 500 over the same period (also using adjusted for dividend numbers).
Market Cap: Tesla (TSLA): ~$1.4T GameStop (GME): ~$9.7B
If anything, GME is a meme.
I also gave my bias so as a way to ignore me.
TSLA currently has a P/E of ~375. That's extremely overvalued. There's no possible objective reason for TSLA to have such an extreme ratio. Even if you think Robotaxi is going to be a massive success, it would have to completely devour Lyft, Uber, and traditional taxi services all combined to even get half way to justifying that P/E, and considering the already major distrust in Tesla's FSD, I just don't see that happening.
The math doesn't math. People buy TSLA because they want to be part of Elon's cult, not because of anything to do with Tesla as a company.
Normally the way this works, is you excuse yourself away from a debate for being too financially involved in the situation, knowing that your financial bias is too overwhelming.
But started this by pointing out Elon Musks weakness in the field of AI, and the best anyone seems to have come up so far is that Elon Musk has more money so it doesn't matter. It's not quite the flex that the Musk fanboys think it is.
The simplest solution would have been to ya know, point at an Elon Musk AI win. And Dojo, xAI, Grok are all relative failures in these respects.