(Bloomberg) – Tesla Inc. shares In free fall. Its sales collapse all over the world. Even the most bulls in Wall Street turn cautious. But one of the groups buys the shares of the electric car maker as it did not happen before: ELON Musk CEO fans.
Most of them read from Bloomberg
The company has always had a base of enthusiastic fans of individual investors who comment on each word Musk on X, which is the social media platform it possesses. They analyze the Tesla in a great detail in the online forums and work largely as the noise sects of the stock.
But the current level of enthusiasm is amazingly high, even with the recent historical standards. Individual investors were from the net shares of Tesla for 13 consecutive sessions until Thursday, as they pump $ 8 billion in stocks, and retail data shows from the global derivative strategies of stocks in JPMorgan Chase. This is the biggest flow on any purchase chain since 2015, which is somewhat dating back as data go.
What makes the purchase of retail trade noticeable is that the price of the Tesla share has drowned by 17 % during this time, giving more than $ 155 billion of its market value.
“I have missed many opportunities with TSLA in the past. Now that the stock has decreased significantly, can this be an appropriate time to invest?” , Written by a published author at the Reddit Forum for Tesla Traders. Another said they were “very happy” to buy an arrow with a range from 225 to 230 dollars. The shares were closed by 5.3 % at $ 248.66 on Friday.
“I made Tesla some investors in the public market in the middle of the very wealthy stage, and many people became millions of millions because of this arrow,” said Nicholas Collas, co -founder of Datrek Research. “People do not forget that. They will return to the arrows again and again if they feel that he has been beaten.”
Tesla shares have been on a very slope slice since mid -December when I touched at all by optimism about Donald Trump's victory in the elections. But that ecstasy disappeared, as the shares fell by more than 50 % of their record on December 17, making it the second largest waste in the S&P 500 this year. This guidance was so brutal that on Thursday, Musk sought to reassure Tesla employees during a meeting, likely to spark the recovery in the stocks on Friday.
The enthusiasm was clear on X, previously Twitter, where the stock was mentioned greatly, while in Stocktwits – another online forum for individual merchants – Tesla topped the list of the most active securities on the site on Friday.
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