While the future of technology shares is being discussed in global markets, Swedish small savers took a concrete step. While Tesla was one of the best-selling shares in the second half of the year and especially in December, Volvo Cars was at the top of the list on the buying side.
Despite the recent recovery in share prices, there are several critical reasons why investors are moving away from Tesla:
According to analyst assumptions shared by Tesla on its website, fourth quarter deliveries are expected to decrease by 15% compared to last year, reaching 422,850 units.
Although the stock has been boosted in recent months by driverless taxi and humanoid robot projects, Swedish investors remain skeptical of these future revenue prospects.
Economist Felicia Schön states that Tesla has lost 25% of its shareholders on the platform.
Not only Tesla, but also American artificial intelligence giants such as Nvidia and Palantir are on the sales list of Swedish investors. Savers are turning to Swedish companies that attract attention with “historically low valuations” rather than technology companies that are considered too expensive.
VOLVO CARS IS AT THE TOP OF THE PURCHASING LIST
Volvo Cars, one of the most purchased shares in December, has become the new address of rational investment:
In contrast to Tesla’s huge market capitalization, Volvo Cars offers investors a much more modest and accessible valuation.
According to Felicia Schön, the investor trend is shifting from American artificial intelligence stocks to local and “cheap” Swedish companies.
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