Such retail traders have continued piling into the shares, data from Vanda Research show. In fact, they’ve been strong buyers every day this month, driving their net purchases to record highs in both December and the fourth quarter.
Yet for Tesla’s diehard fans among retail investors, the risks to electric-vehicle demand or Musk’s preoccupation with Twitter haven’t been enough to sour them on a stock that became one of Wall Street’s highest fliers during the pandemic. On Tuesday, Tesla was hit by an 11 per cent slump on fresh concerns about a production halt at its Shanghai plant and last week’s report that Tesla is offering U.S. consumers a hefty US$7,500 discount to take delivery of its cars before year-end.
Pretty broad statement to make.
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