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- Tesla has driven a big rebound in the retail FOMO trade as its stock has doubled in five weeks.
- Retail investors' aggregate inflows into the stock market have reached levels last seen in 2020 and 2021, according to Vanda Research.
- "Tesla continues to draw unprecedented retail flows" ahead of CEO Elon Musk's master plan reveal, Vanda said.
The stock market has seen a resurgence in retail trading so far this year as a broad rally helps reverse some of the brutal losses from 2022.
But much of the rebound in activity, which has hit levels last seen in 2020 and 2021, is being driven by Tesla, according to a Thursday note from Vanda Research, pointing out that the stock represented a quarter of all single-stock purchases over the past week.