Tesla’s stock (TSLA) surged to $420 yesterday, hitting a price that resonates deeply within the company’s culture and its CEO Elon Musk’s colorful history.
The milestone carries more weight than just a financial figure—it’s a nod to one of the most infamous moments in Tesla’s past and Musk’s love for internet memes.
Source: X
Back in 2018, Musk famously tweeted that he was considering taking Tesla private at $420 a share, “funding secured.” The tweet sent markets into a frenzy, triggering a lawsuit from the SEC over allegations of misleading investors. Musk later clarified that the number was partly chosen because it’s “a weed reference,” showcasing his penchant for humor and cultural allusions.
Source: X
For Tesla fans and the wider internet, $420 has become a meme symbolizing both Musk’s unconventional leadership and the company’s wild ride in the stock market. The achievement of this price point today, even briefly, is a testament to Tesla’s resilience and growth from its days as a high-risk bet to becoming one of the most valuable companies in the world.
Source: X
While the $420 price may only be temporary, its meme value is evergreen—a reminder of how Tesla and Musk continue to blur the lines between high finance and internet culture.
For Tesla fans and the wider internet, $420 has become a meme symbolizing both Musk’s unconventional leadership and the company’s wild ride in the stock market. The achievement of this price point today, even briefly, is a testament to Tesla’s resilience and growth from its days as a high-risk bet to becoming one of the most valuable companies in the world.
While the $420 price may only be temporary, its meme value is evergreen—a reminder of how Tesla and Musk continue to blur the lines between high finance and internet culture.
