Tesla’s Largest Investors Now Include Korean Traders
- Korea retail investors are holding nearly 1% stake in Tesla
- Korea traders often seek short-term profit: Samsung Securities
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After plowing into local stocks at a record pace in the hunt for fast returns, South Korean retail investors have now become one of the largest holders in Tesla Inc.
The total amount of Korean individual investor holdings in the U.S. electric-car maker’s stock reached $3.6 billion as of Aug. 28, according to data compiled by Korea Securities Depository. That’s equal to a stake of 0.89%, which would rank the group at No. 13 on Tesla’s list of largest shareholders, according to Bloomberg data and calculations..