London Daily

Focus on the big picture.
Saturday, May 31, 2025

Tesla has surpassed Apple as retail investors' favorite stock in 2022, research firm says

Tesla has surpassed Apple as retail investors' favorite stock in 2022, research firm says

Cumulative net retail purchases in Tesla stock shot up more than 400% this year to leap over $15 billion.

Tesla has dethroned Apple as the most popular stock among retail investors in 2022, research firm Vanda said Wednesday, with the EV maker's historic sell-off driving a recent surge in buying. 

Cumulative net retail purchases in Tesla stock exploded by 424% to $15.41 billion this year from $2.94 billion in 2021, Vanda said in a weekly note. 

That overtook $15.21 billion in cumulative net purchases of Apple this year, with a relatively more modest growth rate of 18% from $12.85 billion in 2021. 

Flows into Tesla dropped when the company enacted its 3-for-1 stock split in August but later began surpassing those of the iPhone maker. 

"[Retail] investors' contrarian bias shifted into a higher gear as TSLA shares fell following Musk's recent antics as Twitter's CEO and against Apple earlier in the month," Marco Iachini, senior vice president of research at Vanda, wrote in the research firm's last note of 2022. 

Tesla shares are headed for a 60% decline for 2022 amid the worst sell-off since their 2010 public debut. Tesla's year-to-date loss outpaces the S&P 500's decline of 18% and the Nasdaq 100's dive of 31%. For its part, Apple stock has lost 23% during the year. 

Tesla has been sinking quickly in recent weeks as investors and analysts voiced concerns that Musk is overly focused on Twitter, which he acquired for $44 billion in October. 

Meanwhile, Musk last month claimed Apple was threatening to remove Twitter from its App Store. He later said there was a "misunderstanding" about the situation, saying Apple's CEO Tim Cook had never considered doing so. 

On a wider scale, Tesla, Apple and other large-cap tech companies have been slammed down this year with borrowing costs soaring as the Federal Reserve hiked up interest rates and investors worry about an oncoming recession.

But in singling out Tesla, Vanda pointed to its reach, saying the stock makes up about 11% of the average retail portfolio. 

"Given its growing importance, we view retail activity around it as a crucial signpost for what may be an eventual full-fledged capitulation in 2023," said Iachini.

Net retail purchases of Tesla and Apple stock in 2020 through 2022.

Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Trump Accuses China of Violating Trade Agreement
Gerry Adams Wins Libel Case Against BBC
Russia Accuses Serbia of Supplying Arms to Ukraine
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
Chinese Woman Dies After Being Forced to Visit Bank Despite Critical Illness
President Trump Grants Full Pardons to Reality TV Stars Todd and Julie Chrisley
Texas Enacts App Store Accountability Act Mandating Age Verification
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Vatican Calls for Sustainable Tourism in 2025 Message
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Trump Threatens 25% Tariff on iPhones Amid Dispute with Apple CEO
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
Liverpool Car Ramming Incident Leaves Multiple Injured
Australia Faces Immigration Debate Following Labor Party Victory
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Macron Dismisses Viral Video of Wife's Gesture as Playful Banter
Cleveland Clinic Study Questions Effectiveness of Recent Flu Vaccine
Netanyahu Accuses Starmer of Siding with Hamas
Junior Doctors Threaten Strike Over 4% Pay Offer
Labour MPs Urge Chancellor to Tax Wealthy Over Cutting Welfare
Publication of UK Child Poverty Strategy Delayed Until Autumn
France Detains UK Fishing Vessel Amid Post-Brexit Tensions
Calls Grow to Resume Syrian Asylum Claims in UK
Nigel Farage Pledges to Reinstate Winter Fuel Payments
Boris and Carrie Johnson Welcome Daughter Poppy
×