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Tesla’s Loyal Retail Fan Club Set to Rev Up Stock’s Recovery

  • May was strongest retail buying month for Tesla since Aug 2020
  • Anticipation of another stock split helps power enthusiasm
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Why This Tesla Bull Cut Its Price Target by 29%
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Tesla Inc.’s grip on its retail trading fans is hard to shake.

Retail buyers have remained steadfast even as the company’s troubles have mounted since April, sparking a dizzying drop in the electric-vehicle maker’s share price. And after last week’s 14% surge, that loyal following could supercharge a recovery with investors again starting to turn to growth stocks.