Tax breaks, SpaceX hopes spur shift from Tesla

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

By The Korea Herald