韩国散户质疑特斯拉“牛市叙事” 蜂拥至比特币与以太坊

Group 1: Market Sentiment and Investment Shifts - Korean retail investors, known for their aggressive investment strategies, are shifting their focus from Tesla to cryptocurrencies like Bitcoin and Ethereum, indicating a significant decline in their long-term bullish sentiment towards Tesla [1][2] - In August, Korean retail investors net sold Tesla shares worth approximately $657 million, marking the largest outflow since the beginning of 2023, while showing a strong preference for more volatile stocks such as Bitmine Immersion Technologies, which saw a net buy of $253 million [2][5] - The recent trend of selling Tesla shares reflects a diminishing belief in the bullish narrative surrounding the company, as investors are now looking for stocks with greater upside potential, such as Nvidia and Broadcom [5][8] Group 2: Tesla's Performance and Challenges - Tesla's performance and valuation have faced significant pressure this year due to various factors, including declining sales in Europe, which saw a more than 40% drop in new car sales in July, and a reduction in market share from 1.4% to 0.8% [8][9] - Despite the challenges, Tesla remains a core holding for Korean retail investors, with an overall value of approximately $21.9 billion in Tesla shares, although interest in other tech stocks is rising [5][6] - Analysts emphasize that Tesla's core business still relies heavily on automotive sales, which account for 75% of its revenue, and the contributions from future AI-driven projects remain uncertain [9]