
星球日报|Sep 01, 2025 06:04
[Institution: Declining Enthusiasm Coupled with Rising Interest in Cryptocurrency, South Korean Investors Are Selling Tesla Stock]
Odaily Planet Daily reports that as enthusiasm for electric vehicle manufacturer Tesla wanes and interest in cryptocurrency rises, South Korean retail investors are losing confidence in Tesla stock, with selling intensifying last month. According to institutional calculations based on depository data, South Korean individual investors had a net sell-off of $657 million worth of Tesla stock in August, marking the largest outflow since at least the beginning of 2023. Investors are turning to more volatile investments, such as Bitmine Immersion Technologies Inc., which is seen as a representative of Ethereum, attracting a net inflow of $253 million. This indicates that the enthusiasm of Tesla's most loyal global retail investor base is fading. Their buying frenzy once amplified Tesla's stock price rebound. South Korean traders, who have long been drawn to well-known U.S. tech companies like Tesla, are now channeling their funds elsewhere. (Jin10)
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