Tesla Inc.’s shares have taken an unexpected turn as fans of CEO Elon Musk continue to buy up shares at an unprecedented rate, defying market trends and cautionary warnings from Wall Street experts. Despite the company’s declining sales globally and plummeting stock value, a dedicated group of individual investors has stepped in, driven by their enthusiasm for Musk’s vision and leadership. This fanbase, active on social media platform X, closely follows Musk’s comments and shares their analysis online, creating a hype that is driving record-breaking buying activity on the stock.
Source: https://www.bloomberg.com/news/articles/2025-03-21/tesla-s-retail-fanboys-buy-the-stock-at-a-pace-never-seen-before