Comment by scoofy
I'm not complaining really, just think it's a explanation that describes the downward sticky nature of companies that can't seem to justify their valuations.
I agree that the median investor feels that way, I just think that the median Tesla investor (apart from passive broad based funds) is a tiny, tiny, tiny part of the market.
Actually, the reason is the opposite. Tesla is reportedly over 40% owned by retail investors compared with under 20% for most big tech stocks. It's a meme stock.