Koreans are selling shares of electric car maker Tesla to invest the proceeds in cryptocurrency companies.
According to Bloomberg journalists, in August 2025, South Koreans got rid of Tesla securities worth $657 million, which is a record figure since at least the beginning of 2019. Over the past four months, they have sold assets of Elon Musk’s company worth $1,8 billion.
Tesla Stock Capital Inflows and Outflows from Koreans ($B)
South Koreans have invested over $12 billion in cryptocurrency companies listed on the U.S. stock market this year, meaning that the country’s residents are favoring the digital asset industry and flipping Tesla shares.
The reason for this trend is the negative trend observed in the market of shares of the electric car manufacturer, which have fallen by 14,41% since the beginning of the year. The assets of many crypto firms have significantly increased in price during this time against the background of the growth of the virtual currencies of the top ten coins by capitalization.
For example, the securities of Bitmine Immersion Technologies, which became эфириум-treasury organization, have increased in price by 1% since January 432. In this regard, the Koreans who invested $253 million in this company made a good profit, unlike the poor fellows who did not part with Tesla shares.