South Korean retail investors bravely copied the bottom of Tesla, buying a net of 2.8 billion US dollars this year.

CTOnews.com, December 28 (Xinhua)-- although Tesla's share price suffered the worst plunge in history, it did not deter South Korean retail investors, who bought a net $2.8 billion worth of shares this year.

Although Tuyuan Pexels shares have tumbled 44 per cent so far this month, heading for the worst month on record, day traders have increased their holdings of Tesla shares this month by $160 million as of December 27 and are expected to make net purchases for the third month in a row, according to the South Korean Securities Deposit Administration.

Tesla remains the most popular overseas stock among South Korean retail investors who significantly increased their stock investments during the outbreak. A large number of loyal fans of the company's CEO Elon Musk in the country, in addition to the influx of buyers during the share price surge of the previous two years, also attracted retail investors who bought on the bargain during the collapse in 2022.

CTOnews.com learned that Tesla's share price fell sharply again on December 27, US Eastern time. As of December 27, US Eastern time closed at US $109.1, down 11.41%, with the latest market capitalization of US $344.51 billion. Its market value lost about 44.4 billion yuan (about 309 billion yuan) overnight. It is worth noting that Tesla has fallen for seven consecutive days and has fallen nearly 70 per cent during the year.