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  2020-04-05

  Corporate Growth

  This is a photo of Elon Musk smoking marijuana on the Joe Rogan Experience podcast, captioned with the phrase “show me the money.” This is a reference to the astronomical growth of the Tesla Corporation in 2020 and the average investor’s potential to secure massive gains, as well as a joking reference to the near worship of Elon Musk that can be found in the subreddit ‘WallStreetBets.’ This subreddit often features ‘absolute madlads’ making huge gambles on stocks (usually TSLA, AAPL, or AMZN) and subsequently either securing massive returns tallying into the hundreds of thousands or losing everything. When most of my family was laid off from their jobs, my brother and I turned to day trading to keep ourselves and our family afloat. I was one of the only ones still employed at the time, and I was doing this in addition to working up to 75 hours a week to take advantage of overtime pay stacked on top of hazard pay. Although only my father and I were still working, everyone in the family still had bills to pay and the rent was still due. Tesla’s stock, specifically, has grown almost 500% this year and is set to grow even more. This meme is somewhat of an inside joke my brother and I had as we began securing leverage and buying covered calls on TSLA to increase our overall cash flow with the little savings we had to work with. We were quite literally counting on Elon Musk and his revolutionary car company that we had placed our faith in during this time to pay our rent. Luckily, it worked out for us. Ironically, the massive transfer of wealth to corporations from small businesses that went under as a result of COVID-19 was incredibly beneficial for my family and I since we invested in the right stocks at the right time.