Tesla’s stock is in a freefall. Its sales are plunging around the world. Even its most avid Wall Street bulls are turning cautious. But one group is buying the electric vehicle maker’s shares like never before: CEO Elon Musk’s fans.
The company has long had an ardent fan base of individual investors who hang on Musk’s every word on X, the social media platform he owns. They analyse Tesla in great detail in online forums and largely function as a hype crew for the stock.
