Korean retail investors significantly reduced their holdings in Tesla stocks in August 2023, with net sales reaching $657 million, the largest outflow since early 2023. This shift reflects a declining confidence in Tesla among its once-loyal retail investor base. Instead, these investors are channeling funds into more volatile assets, notably Bitmine Immersion Technologies Inc., which is associated with Ethereum, attracting a net inflow of $253 million. This trend highlights a broader move away from traditional U.S. tech stocks towards alternative investments.