Over the past 13 days, retail investors have poured $8.1 billion into Tesla stock, marking a record buying activity in dollar terms over the past decade.
Record Buying Activity
According to JPMorgan, retail investors have invested $8.1 billion in Tesla shares over the last 13 days. This is the highest dollar amount buying streak in over a decade. Emma Wu, a strategist, noted that while it's not the longest consecutive buying streak, it's the largest by magnitude during the mentioned period.
Insider Sales and Financial Performance
Since November, Tesla insiders have sold $335.2 million worth of stock, including board members, the CFO, and Kimbal Musk, Elon's brother. While retail investors are buying, insiders are cashing out. Financial results also add to concerns: reduced operating income and annual delivery declines exacerbate the situation.
Company's Future and Challenges
Elon Musk tries to maintain optimism, presenting the company's vision focused on autonomous driving and robotics. However, various scandals and protests in the US and Europe relate to his policies and management. Those who believe in the company's future achievements might support high market capitalization and involvement in shares.
Market volatility continues to affect Tesla stock, despite Elon Musk's optimism and retail investors' support. The company's future remains uncertain amid internal and external dynamics.
