• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Wednesday, September 10, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Read a ride Cars/SUVs

$8bn bet: Why retail investors are sticking with Tesla

David Ijaseun by David Ijaseun
March 22, 2025
in Cars/SUVs, News
0
Elon Musk Tesla CEO

Elon Musk Tesla CEO

625
SHARES
9.2k
VIEWS
Share on FacebookShare on Twitter

Retail traders, many of whom are staunch supporters of Elon Musk, have poured over $8 billion (R146 billion) into Tesla shares over the past 13 consecutive trading sessions. This marks the largest retail buying streak since at least 2015, according to JPMorgan Chase trading data.

The surge in purchases comes even as Tesla’s stock price has fallen by 17%, wiping out more than $155 billion in market value. That kind of loyalty is rare — and deeply emotional.

READ ALSO

Red Bull’s Verstappen breaks F1 speed record with fastest lap in history

Cleaner transport: NEDC launches 1,000 Electric vehicles and health plan in Adamawa

Why are individual investors still buying?

These retail investors are betting on Musk himself. The Tesla CEO’s passionate online fanbase continues to rally on social media platforms like X (formerly Twitter) and Reddit.

Even as Tesla’s global sales tumble, fans believe the recent dip is a rare chance to “buy the dream” at a discount. “Very happy to get Tesla at $225,” wrote one investor. The stock closed at $248.66 on Friday, up 5.3% from the previous day.

Nicholas Colas, co-founder of DataTrek Research, said this unwavering belief stems from Tesla’s past success in creating self-made millionaires. “People don’t forget that,” he noted.

Tesla’s mounting challenges

Tesla’s current troubles are extensive. Once bolstered by optimism following Donald Trump’s election win, its shares have now fallen over 50% since their December 17 high; the second-largest drop on the S&P 500 this year.

Worse, global demand is weakening. Sales are plunging across key markets like Germany, France, China, and Australia. Political backlash against Musk, now rumoured to be heading the proposed Department of Government Efficiency, has tainted Tesla’s brand.

In Europe, showrooms have been vandalized, and protesters have attacked charging stations. Analysts, including Morgan Stanley’s Adam Jonas, have slashed sales forecasts, citing aging models and rising competition.

Still, Jonas maintained his “buy” rating, arguing Tesla’s long-term success depends on breakthroughs in AI and robotics. Daniel Ives of Wedbush echoed that sentiment, praising Musk’s internal leadership and vision for autonomous driving.

For Tesla’s most devoted fans, none of this seems to matter. As Colas puts it, “They don’t care about valuations. They believe in Elon.”

Read more on Trump buys Tesla to support Musk amid struggles

Tags: HeadlineinvestorsTesla

Related Posts

Red Bull’s Verstappen breaks F1 speed record with fastest lap in history
News

Red Bull’s Verstappen breaks F1 speed record with fastest lap in history

September 7, 2025
Cleaner transport: NEDC launches 1,000 Electric vehicles and health plan in Adamawa
News

Cleaner transport: NEDC launches 1,000 Electric vehicles and health plan in Adamawa

September 4, 2025
ArcelorMittal South Africa steel industry
News

ArcelorMittal to axe 4,000 jobs, nearly half its South African workforce

September 3, 2025
Bugatti grand tour in morocco
Africa

Bugatti trades Monaco boulevards for Morocco’s rugged roads

September 3, 2025
car sales in Egypt 2025
Africa

Egypt’s car sales soar 83% in 2025 as cheaper prices, reforms fuel demand

September 3, 2025
E20 Fuel in Indai
Cars/SUVs

India’s ethanol fuel drive faces backlash as motorists fear car damage

August 29, 2025
Next Post
Audi partners with DAZN to stream UEFA, NFL, NBA & more in-car

Audi partners with DAZN to stream UEFA, NFL, NBA & more in-car

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Tesla Cybertruck recall

Tesla 2024: Can Musks’ Cybertrucks deliver on big promises?

December 20, 2024
American airlines

American Airlines announce $125 million project to redevelop JFK Terminal 8

July 13, 2023
Paris 2024

How will the 2024 Olympic Games impact Paris’ major airports?

June 6, 2024
BYD Yangwang

BYD’s 3,000-HP supercar aims to dethrone Rimac

August 16, 2025

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Landmark auto summit to spotlight Nigeria’s local assemblers and future growth potential
  • Munich Auto Show: Europe battles tariffs and chinese surge with cheaper EVs
  • One in four cars sold in South Africa in August 2025 was a Toyota
  • Red Bull’s Verstappen breaks F1 speed record with fastest lap in history

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In