Elon Muskin electric car Tesla has lost popularity among investors.
Investment service company Nordnet According to its clients’ Tesla ownership, the turn of the year has decreased by about 12 percent of the year. As early as mid -March, the decline was 15 percent, but Tesla was bought again from the end of the month.
Tesla has been one of the most popular investments in the 2020s and has risen by more than 720 percent in five years. However, from the beginning of 2024, the share has fallen by almost 35 %.
The invoice of Tesla is due to the company’s weakened demand. For the first time in 2024, Tesla reports on a decline in global revenue, and analyst forecasts do not wait for a strong improvement for 2025.
Tesla’s popularity is still strong in the United States, but global sales of precipitate. In China, competition is intensifying and a Chinese electric car manufacturer BYD Take the Tesla market. In Europe, consumers’ interest in Tesla is clearly down.
In addition to the tightening of the competition, Tesla’s sales figures have been influenced by Musk’s personal brand, which has even made some consumers even boycotting Tesla, who has been self -sufficient in Musk. For example in Germany Tesla’s sales fell 76 percent in February As Musk supported the AFD right-wing party. In January, Tesla’s sales in Europe fell by 45 percent. Musk’s strong presence of US President Donald Trump There may be an impact on the decline in Tesla’s popularity in the European market.
Defense industry on the rise
According to Nordnet, the United States as a whole seems to have lost some popularity among Finnish investors.
“During February -March, investors have reduced the United States’ share in their portfolios, and the trend peak of artificial intelligence may be behind for a moment. The reasons may be, for example Jasmin Hamid Comment in the company’s bulletin.
Instead, the defense industry has become one of the most interesting trends alongside artificial intelligence and cryptocurrencies.
According to Hamid, the popularity of the European Defense Industry is reflected in equity traction and in the purchase of ETFs. In March, the most popular ETF funds in terms of accounts were related to the defense industry.
According to Nordnet Saabin The number of owners has doubled during March and almost tripled from the beginning of the year. German Rheinmetallin The number of owners in Nordnet has increased by 182 % since the beginning of the year.
The rise of shares in the defense industry is related to European plans to strengthen the region’s defense. The rise has also been reflected in Finnish companies with indications of the defense industry. For example, there have been a rise in the early part of the year compound, Bittium, Aspocomp and Nokia.