Tesla Is Losing a Big Force Behind This Year’s Rally

Tesla's stock has gone up over 50% in 2023 thanks in part to retail traders who are now pulling back, with net daily purchases down by about three-fourths amid concerns over the health of the economy and the lack of specific details on a much-anticipated new vehicle from the investor day.

March 26, 2023 . 6:13 AM

1 min read

Tesla's stock has gone up by over 50% in 2023 thanks in part to retail traders.
Retail traders have pulled back this month, with net daily purchases down by about three-fourths.
Following the investor day in early March, retail investors have become more cautious.
Tesla's valuation is very high compared to other car manufacturers.
Tesla's high gross margins are an advantage over its rivals.