Agency: Fading enthusiasm stacks up interest in cryptocurrencies, South Korean investors are selling Tesla shares
2025-09-01 06:16:54
Retail investors in South Korea are losing faith in Tesla shares and selling more last month as enthusiasm for the electric car maker wanes and interest in cryptocurrencies rises. Individual investors in South Korea sold a net $657 million of Tesla shares in August, the biggest outflow since at least early 2023, according to agency calculations of depository data. Investors turned to more volatile investments, such as Bitmine Immersion Technologies Inc., which is seen as a proxy for Ethereum, attracting a net inflow of $253 million. That suggests waning enthusiasm among Tesla's most loyal group of global retail investors, whose buying spree at one point amplified Tesla's share price rally. South Korean traders, who have long been attracted to well-known American technology companies such as Tesla, are now putting their money elsewhere. (Kim Jong)
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