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New York/Seoul—Convinced Tesla The rapid development is coming. Orestis Palampougioukis, a software developer based in the Netherlands, received a 43,000 Euro (49,000 USD) loan in early October and invested all in the electric car manufacturer. At that time, the price of the electric car was about For 1 dollar230 share it.

Since then, as Tesla’s stock price has risen more than six times, it was trading at approximately $1,500 on Monday, surpassing all competitors and becoming the world’s most highly valued automaker, Paranpugi Okis’ The bet has paid off. After investing an additional 14,000 euros in personal funds, so far, even if it accounts for 7% of the interest he paid to the bank, he still made a profit of about 10,000 euros.

“For me, it’s not a bet, because I have studied very carefully what Tesla is doing, which will inevitably dominate the market,” Paranpugi Okis said, adding that he to have Decades of shares.

He is not alone. Retail around the world firmly believe in the company’s mission to lead the automotive industry into a battery-powered future. Use your own money, And sometimes there are parents’ pensions, which get rich returns as Tesla.

Tesla announced its second quarter results after the market closed on Wednesday. Analysts surveyed by Refinitiv expect the company to record losses on average, but the unexpectedly strong car delivery report boosted many retail investors’ hopes of profitability in the quarter.

Discussions about Tesla on the online retail investor forum include Surge, Users are arguing whether to hold stocks in order to obtain higher returns or cash out.

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Although the total number of Tesla retail investors is not known, approximately 75% of the company’s shares are owned by large institutional investors and Tesla executives (including the ) Elon Musk, According to Refinitiv .

Tesla stock is one of the most popular stocks on US retail investor platforms, such as Robinhood Markets Inc and TD Ameritrade. According to data from Robintrack.net, the number of users holding Tesla shares on the Robinhood trading app increased from the two weeks of July 2018 to the same time this year, an increase of more than 400%.

In South Korea, Tesla has become the latest frenzy among technology-savvy professionals. The company is the most traded overseas stock. So far this year, Koreans have bought Tesla shares worth $3.2 billion, compared to 2019. This year has increased nearly 13 times.

Choi Jongwan, the former head of the Korean Tesla Owners Club, borrowed money to invest in Tesla after the company unveiled Tesla Model 3 In 2016. He also used Korean inheritance tax relief to buy Tesla shares for his seven-year-old son.

Cui bought Role modelSaid that the company’s stock is supported by many fans buying shares. Convinced of Musk’s vision, Cui bought shares in the past when Tesla’s stock price plummeted.

He said: “I have more and more confidence in Tesla.” “When other automakers launch better products, I will sell Tesla shares. Electric car A more competitive price than Tesla. “

Some investors invested their stock proceeds in the company by buying vehicles. David, a marketing expert from Oakland, California, asked not to use his last name, and he bought Tesla Model 3 After selling his Tesla stock in August last year.

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He bought his first Tesla shares for several hundred when he graduated from college in 2010. The company has just gone public and the stock price is about $29.

Since then, David has invested about US$40,000 and currently holds 180 shares.

He said: “So far, Tesla has treated me well. I believe in their foresight, and I believe in Elon Musk.” “But the house we bought needs a new roof, and I’m considering only selling Pay a few shares.”

Thanks to the latest stock price rise, Musk’s personal net worth has soared even higher. The outspoken Tesla boss is expected to have a stock-based payday again, which may be worth as much as $2 billion. Including the previous vested part, Musk will have options for Tesla stock worth about $4 billion.

(Reporting by Tina Belon in New York and Hyunjoo Jin in Seoul; reporting by Noel Randewich in San Francisco; editing by Dan Grebler)

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