Tesla shares, as of today have tumbled over 45% this year!
on track for their worst annual performance on record.
Tweet on Tesla Stock performance
One of the worst selloffs on record for @Tesla shares isn’t deterring individual investors from piling into the stock!
— The_Journalbiz (@the_journalbiz) November 30, 2022
Factset Chart on Telsa stock
Since the stock’s recent peak in November, the electric automaker has shed around $650 billion in market value—more than the value of Exxon Mobil and Boeing combined, according to FactSet.
One of the worst selloffs on record for Tesla shares isn’t deterring individual investors from piling into the stock.
Yet many keep buying in.
“Retail investors keep showing faith in [CEO Elon] Musk and continue piling in the EV company,” wrote Vanda Research analysts in a note.
Here are the top buys among individual investors tracked by the firm this year:
- SPDR S&P 500 ETF Trust
- Invesco QQQ Trust
- Advanced Micro Devices