[zen21]

Sorry, that doesn’t explain anything.

Issuing shares often increases valuations, and Tesla is more than just a car company because they have invested in electric drivetrains, battery technology, and self-driving, as well as other product and manufacturing improvements.

“Memed it into existence” is still gibberish.

[haakonhr]

Do they though? It depends on your definition of often I guess and it has definitely been happening more in recent years. I'm unable to find data, but in my experience I can only remember seeing this in sexy companies like Tesla where there are a lot of retail investors. It makes little sense that issuing a lot of new stock leads to a significantly higher market cap (unless there was uncertainty whether a company would be able to raise money at all).

I don't think "memed into existence" is gibberish; just hyperbole.