It can’t; this is how meme stocks operate. If too many traders examine their motives and revert to trading rationally, the stock price corrects accordingly.

> meme stock

Poor explanation since ~50% stock is owned by institutions.

I think retail holds 38% of ownership.

Rest of ownership is mostly Elon ~13%.

indexed fund ownership doesn't explain institutional holdings. Tesla is 5% of NASDAQ 100 by market cap. Vanguard owns 7.7%, BlackRock owns 6.4%.

Disclaimer: not a financial analyst and I might have numbers wrong (mostly from Tiger Trading App).