Dip buyers stuck with Tesla last week
After eating losses for weeks, their faith in Tesla paid off, at least a bit.
Elon Musk’s immersion in extremist politics has angered potential buyers worldwide. But the oligarch’s mind meld with retail traders remains intact as Tesla shares continue to be their top pick.
The latest weekly note on retail trading activity — published Wednesday evening — spotlights retail buying of Tesla, Nvidia, and Amazon as stocks with the largest slugs of retail buying over the five trading sessions that ended on Tuesday.
As we’ve told you before, retail buyers have continued to flock to Tesla shares despite the abysmal performance of both Tesla’s automotive business and the stock itself. Until recently, it was the worst performer in the S&P 500 in 2025. It’s now merely the second-worst, behind Deckers Outdoor.
Tesla has bounced a bit, giving buyers something of a breather over the last few days, and is up nearly 20% from a week ago. Still, the stock is down more than 25% in 2025, and even bullish analysts seem to think the fundamentals for the business are getting worse.
