Elon Musk‘s Tesla Inc. (NASDAQ:TSLA) has been labeled a “meme stock” by a renowned economist, who believes that the company’s success is now more about Musk’s promises than its actual ...

In other words, DeLong believes Tesla has been turned into a "meme stock" by Musk, referring to a stock that's being massively inflated by a cult-like following, especially on social media.

Tesla's market success relies on CEO Elon Musk's ability to keep promising, irrelevant of what the company actually delivers, UC Berkeley economist ... succeeding as a meme stock, and Musk is ...