Business
Tesla has more shareholders in Australia than customers
Australians are going so mad for Tesla Inc (NASDAQ: TSLA) shares that there are now more shareholders than customers in this country.
On one trading platform alone, Stake, more than 17,000 Australians have bought a stake in Tesla. Stake’s research suggests about 10,000 Australians actually own a Tesla car.
Stake chief executive Matt Leibowitz told The Motley Fool the electric vehicle sector is hot with Australian investors now.
“Tesla is undeniably the market leader with approximately 3 times larger market share than 2nd placed Volkswagen.”
More than $442 million has been transacted for Tesla shares through Stake this year. That’s 1840% up on last year’s $22.8 million.
Tesla’s cultural cache
The Tesla brand has built up…
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