Tesla Stock Plummets, but Retail Investors Remain Bullish
Tesla’s stock has experienced a significant downturn, trading nearly 50% below its December peak and shedding $800 billion in market value. However, many retail investors view this decline as a buying opportunity rather than a cause for concern.
Business Insider recently interviewed three retail investors who have increased their Tesla holdings amid the stock’s decline, dismissing the drop as an overreaction to market conditions.
Neil Rozenbaum, who first invested in Tesla in 2019, recently purchased $10,000 worth of Tesla stock. “I’m used to the volatility,” Rozenbaum stated, expressing confidence in Tesla’s potential, particularly with a possible refreshed Model Y on the horizon. He remains a strong supporter of CEO Elon Musk’s leadership and is unconcerned about Musk’s political activities.
Fabian Varcianna, who began investing in Tesla in 2022, recently invested $24,000 in Tesla shares over several days. Varcianna remains optimistic about the company’s AI and self-driving technology. “Musk’s political involvement just shows his work ethic,” he commented, planning to hold his shares unless they fall below $200.
Bilaal Dhalech, an intermittent Tesla investor since 2023, recently acquired $4,000 worth of shares. Dhalech is particularly interested in Tesla’s AI and autonomous projects. While expressing some concern about Musk’s time in Washington, he plans to maintain his investment, only considering selling if Tesla reaches its all-time high or faces significant project delays.
These retail investors’ perspectives highlight a trend of continued faith in Tesla’s long-term potential, despite the recent stock decline and external concerns. Their focus remains on the company’s innovations in AI and autonomous technology, as well as confidence in Musk’s leadership.
As Tesla’s stock continues to fluctuate, these individual investors’ strategies underscore the complex dynamics at play in the electric vehicle and tech markets, where long-term vision often outweighs short-term market volatility.
