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Tax breaks, SpaceX hopes spur shift from Tesla
April 12, 2026
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Posted 2 days ago by
South Korean retail investors have cut their holdings in Tesla this year, taking profit and rebalancing portfolios as anticipation grows for a potential initial public offering of SpaceX and as new tax incentives encourage a shift back into domestic assets. Data from the Korea Securities Depository showed that South Korean retail investors, known locally as “Western ants,” sharply scaled back their purchases of Tesla shares this year.
Net buying of Tesla fell about 71 percent from a year earlier
The korea Herald News
Coverage and analysis from South Korea. All insights are generated by our AI narrative analysis engine.
South Korea
Bias: center
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