That comment piqued my curiosity.
A quick search tells me retail ownership of Tesla is ~55%. For the wider stock market it is ~20% and increasing
I doubt many of those retail investors have looked under the bonnet and understood what they see. 55% on $500 Bn market cap is huge.
Online platforms democratize stock ownership but anything new brings unexpected consequences. I wonder if in 20 years we will be talking about the “retail investor driven crash”