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- Robinhood users have been adding Tesla to their holdins despite an extremely difficult time for the electric-car maker, according to data from the Robinhood trading app.
- The number of accounts holding Tesla shares on the app increased even as analysts and shareholders have been questioning demand prospects for the company's electric vehicles.
- Watch Tesla trade live.
The Robinhood trading app, an app popular among younger investors, reported an increase in the numnber of users holding Tesla shares despite the stock's plunging price. Accounts holding Tesla increased by 4% over the past week to 156,00 from 150,000. This comes as shares have tanked almost 20% in May alone.
Tesla is the 10th most-popular stock on the platform, behind the cannabis companies Aurora Cannabis and Cronos as well as tech companies like Apple and Microsoft.
See the rest of the story at Business Insider
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from Business Insider http://bit.ly/2Hyq4ze
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