Apple and Tesla Are the "Last Bastions of Hope" for Retail Investors, Say These Analysts
As they see it, institutional investors remain wary of shorting Tesla due to the fact they've been burned in the past, and professionals are also likely heavy buyers of Apple as it's a defensive name."Therefore, as institutional investors are already quite long these two firms, the latter's performance has likely been a function of the solid retail bid. The danger here is that Apple's U-turn around its production plans risks causing a significant unwinding of positions, dragging TSLA along on se