Tesla’s Retail Fans Undeterred by Delivery Miss, Recession Fears
- Net retail purchases over last five days reached $500 million
- Tesla lower premarket amid broader weakness, Musk-Twitter saga
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Even a disappointing quarterly delivery report from Tesla Inc. and the threat of a recession cannot keep the electric-vehicle maker’s loyal retail investors from flocking to the company.
After its third-quarter vehicle deliveries failed to meet analysts’ estimates, Tesla’s shares tumbled on Monday, closing down 8.6%. Still, that did not deter mom-and-pop investors and day traders, who raised their purchases in the stock, a report from Vanda Research shows.