[AlexandrB]

You're more complaining that investors who don't own a stock have no influence on its price. Which is true, but I don't see a workable way to change that.

The median investor in Tesla, on the other hand, seems to be happy with the situation since they're not selling.

[scoofy]

I'm not complaining really, just think it's a explanation that describes the downward sticky nature of companies that can't seem to justify their valuations.

I agree that the median investor feels that way, I just think that the median Tesla investor (apart from passive broad based funds) is a tiny, tiny, tiny part of the market.

[Zigurd]

Actually, the reason is the opposite. Tesla is reportedly over 40% owned by retail investors compared with under 20% for most big tech stocks. It's a meme stock.