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Tesla Closes at $420.60 for First Time Since IPO on June 30, Retail Inflows Surge

GateNews
Stocks

According to Vanda Research, Tesla (TSLA) closed at $420.60 on June 30, marking the first time the stock has settled at this meme price since its 2010 IPO. The milestone triggered a notable surge in retail buying activity.

Vanda data shows that once Tesla's stock breaks above the $420 level, average net retail inflows over the following five days jump from approximately $87 million to $135 million. Vanda Global Macro Strategist Patel noted the significant uptick in retail participation tied to this psychological price point, which has cultural resonance among retail investors.

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