Elon Musk Rebukes Bill Gross Over Tesla 'Meme Stock' Comments

Musk defends Tesla's technological focus as Gross criticizes its stock surge and fundamentals.

Bill Gross likened Tesla to 'meme stocks' like GameStop, citing its rapid price increase and weakened fundamentals.
Tesla's stock has surged 43.6% over a 10-day winning streak, despite a year-over-year decline in vehicle deliveries.
Musk responded that Gross lacks understanding of technology, contrasting it with bond investment strategies.
Tesla's market share in the U.S. electric vehicle sector has dropped below 50% for the first time.
Cathie Wood's Ark Invest paused its Tesla stock sales after trimming its stake for three consecutive sessions.