Tesla stock sees $657 million exodus for this crypto

Core Insights - South Korean retail investors are withdrawing from Tesla stocks, favoring cryptocurrencies instead, with a notable net sale of $657 million in August 2025, the highest monthly outflow since 2019 [1][4] - The shift in sentiment indicates a growing preference for riskier assets, as evidenced by Bitmine Immersion Technologies attracting $253 million in net inflows during the same period [3] - Despite the recent sell-off, Tesla remains the most popular foreign stock among Korean individual traders, with $21.9 billion still held, although nearly $1.8 billion has been withdrawn over the past four months [4] Stock Performance - Tesla's stock price is currently trading above $300, specifically at $333, but has shown short-term weakness, with a year-to-date decline of nearly 12% [5] - The retail exodus from Tesla is occurring amid challenges such as increased competition from Chinese manufacturers, declining sales in key markets, and backlash against CEO Elon Musk's political views [7]