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.
Tesla’s 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 Tesla’s 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.
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