Tesla to Bud Light: hold my beer!
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The really stupid part of this? Elon owns about what? 12%? 65%-70% is owned by various investment funds. Vanguard, Blackrock, etc… These people are fucking over teachers, union workers, and general maintenance street far more than they are hurting Elon….
@LuFins-Dad said in Tesla to Bud Light: hold my beer!:
The really stupid part of this? Elon owns about what? 12%? 65%-70% is owned by various investment funds. Vanguard, Blackrock, etc… These people are fucking over teachers, union workers, and general maintenance street far more than they are hurting Elon….
That’s just wrong. Tesla is the vast majority of his wealth. It’s a small bit of any investment fund.
“Don’t make me repeat myself”
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Stocks are easier to manipulate with social contagions of fear and greed, than the fundamentals of a company are. But Tesla's fundamentals could easily be affected too, if the net effect of Elon's political participation is negative enough. If enough shame or fear is heaped on buyers of Tesla cars. I can imagine not wanting to deal with the potential for random people thinking you're signaling something political, and potentially toxic to them, just by the car you drive. The differences between cars is not so great that that wouldn't be an easy tie breaker. Some others will want to support the company, of course, but I don't know that they will be enough.
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@LuFins-Dad said in Tesla to Bud Light: hold my beer!:
The really stupid part of this? Elon owns about what? 12%? 65%-70% is owned by various investment funds. Vanguard, Blackrock, etc… These people are fucking over teachers, union workers, and general maintenance street far more than they are hurting Elon….
That’s just wrong. Tesla is the vast majority of his wealth. It’s a small bit of any investment fund.
@jon-nyc said in Tesla to Bud Light: hold my beer!:
@LuFins-Dad said in Tesla to Bud Light: hold my beer!:
The really stupid part of this? Elon owns about what? 12%? 65%-70% is owned by various investment funds. Vanguard, Blackrock, etc… These people are fucking over teachers, union workers, and general maintenance street far more than they are hurting Elon….
That’s just wrong. Tesla is the vast majority of his wealth. It’s a small bit of any investment fund.
His holdings in SpaceX are worth ~ $150B, and he has another ~ $50B from X and his other holdings. Wipe out Tesla entirely and he’s still worth over $200B and likely still wealthier than Bezos and Zuck. Pray tell, what difference does this drop make in his day to day living? The little $ that I tossed on Tesla a little while back probably had a bigger effect on my day to day life and a .3% drop in a fund’s performance will likely have a bigger impact on a Median earner’s retirement lifestyle than Musk’s lifestyle after losing $150B in Tesla…
Beyond that, you have 126K Tesla employees that will feel this a helluva lot more than Musk will.
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Insiders sell their own company's stock all the time. I know the article says that the volume was relatively high, but I'm not sure how true that is.
By the way, put your entire portfolio into TSLA this Friday. You'll thank me on Monday.
