Many South Koreans believe in Tesla's success. A striking example is one family, which all their
What is known
South Korean investors coined a new termfor themselves - "Teslamists" - from the words "Tesla" and "Islam". In addition, in communication they use the word "temin". This term is formed from the words "Tesla" and "amen". Newspeak in South Korean.
Bloomberg told the storya South Korean family that went all-in and invested all their money in Tesla shares. The family invested $230,000 in the purchase of securities. But in fact, they did not plan to buy Tesla shares. The family's main goal was to purchase a new home. To do this, they sold their house in 2019, but in 2020, amid the coronavirus outbreak, which led to a number of restrictions, banks raised interest rates, and property values increased sharply.
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Note that investors from South Korea are included intop 10 Tesla shareholders. Residents of the republic bought up 1.6% of securities worth more than $15 billion. For comparison, former Oracle CEO Larry Ellison owns 1.4% of the shares.
Source: Bloomberg
Image: Wired
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