Reported 6 days ago
Tesla shares surged by as much as 10% on Monday, increasing 16% since CEO Elon Musk's surprise town hall meeting, where he encouraged employees to hold their stock. This uptick follows a period of losses and is partly attributed to a wave of retail investors buying in during the recent downturn. Despite concerns about falling vehicle sales and increasing competition, retail investors have invested $7.3 billion in Tesla shares over the past two weeks, viewing the price drop as a buying opportunity.
Source: YAHOO