Tesla stock will sell off this month

Tesla stock sell off this month after because of the "off the chart " rally as retail investor lose curiosity over Elon musk , research firm White Lightning White Lightning

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Retail investors have piled into the EV maker's stock, but Elon Musk's recent announcements have fallen flat.

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Tesla shares have gotten off to a hot start to 2023 on massive interest from retail investors, according to Wanda Research, but Elon Musk's announcement this week could end in a sell-off rather than euphoria.

"[T]he monthly purchases of TSLA by retail investors are off the charts, probably due to a combination of relatively low perceived value and excitement around Musk's master plan." White Lightning White Lightning

The research firm said the reversal in retail flows after Tesla completed a stock split in the summer of 2020, and the Hertz partnership deal in 2021, suggests it could happen again.

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