Korean Investors Buy More Tesla Stock as Price Tanks

  • By Hong Jun-ki

    March 22, 2021 11:22

    Korean investors owned 1.4 percent of Tesla stocks or 13.04 million shares worth around W9.92 trillion as of March 10 (US$1=W1,130). Tesla remains the most popular U.S. stock among Korean retail investors even though the price has tanked.

    According to data from the Korea Securities Depository, Tesla's share price has been declining after peaking at $883.09 on Jan. 26, but Korean investors continue snapping up the electric carmaker's shares.

    Their Tesla shares increased from 12.42 million in January to 12.84 million in February and to some 13 million on March 10, but the value fell from W11.7 trillion to W9.92 trillion.

    Tesla's share price has gone on a rollercoaster, bottoming out at $563 on March 8, rebounding to $701.81 on March 17, only to fall to $653.16 on March 18.

    In money terms Korean investors' stake is worth more than their combined stocks in Apple, Amazon and Google. 

    • Copyright © Chosunilbo & Chosun.com
    Previous Next
    All Headlines Back to Top