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Main Street is still investing like it's 2023

·1 min

Shares of Tesla have fallen this year while the S&P 500 has gained. Recalls, lawsuits, and controversial leadership have contributed to the automaker’s declines. However, retail investors are still investing in the stock. Tesla was among the most popular stocks purchased by Charles Schwab clients in January, according to Schwab Trading Activity Index. Retail traders also showed interest in other Big Tech companies such as Nvidia, Amazon, Microsoft, and Advanced Micro Devices. Retail investors may be following institutional investors’ lead and are attracted to growth stocks like Tesla.