Korean Investors Shift Away From Tesla, Lean Towards Ethereum Amid Economic Uncertainty

South Korean retail investors are re-evaluating their investment strategies amidst global economic uncertainty. Following a substantial outflow of over $657 million from Tesla shares in August, these traders are shifting towards riskier assets, particularly the burgeoning cryptocurrency market. While this move has seen a net inflow of $253 million into BitMine Immersion Technologies Inc., a U.S. firm closely linked to Ethereum, many Korean investors seem disillusioned with Tesla’s promise of artificial intelligence and are seeking new opportunities.