"Teslaâs stock has entered freefall, with significant drops leading retail investors, who remain highly enthusiastic, to buy shares during a period of overall decline."
"Despite Tesla's market value falling by over $155 billion, individual investors have entered a buying frenzy, demonstrating strong loyalty and belief in the company's potential."
"The buying spree by enthusiastic fans is notable as it coincides with a drop of 17% in Teslaâs share price, contrasting sharply with the investors' response."
"Musk told employees in a recent all-hands meeting to hold onto their stock, recognizing the drastic decline while encouraging their continued faith in the company."
Tesla Inc.'s stock is experiencing a significant decline, with its sales dropping globally and a shift in investor sentiment even among Wall Street analysts. However, individual investor enthusiasm remains high, as fans of CEO Elon Musk are buying Tesla shares vigorously, pouring in a total of $8 billion over 13 consecutive trading sessions. This buying trend is unprecedented since 2015, despite the stock's precarious position, having lost over $155 billion in market value. Musk has actively encouraged employees to retain their investments, aiming to bolster morale during this tumultuous period.
Read at www.mercurynews.com
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