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> I don't own TSLA but it could crash the market if it drops that low. TSLA is about 2% of the s&p. If they crash I think the market will shrug that off easil
by thunky 1y ago
> I don't own TSLA but it could crash the market if it drops that low.
TSLA is about 2% of the s&p. If they crash I think the market will shrug that off easily. Tesla's (lack of) success is not tied to the health of the larger market, and everyone knows they are overvalued so there would be no surprise factor either.
- aurareturn 1y agoIt's not about how much of it is the S&P. It's about sentiment.
- LeFantome 1y agoI agree with that but I also agree that everybody knows they are overvalued. A Tesla crash is unlikely to spook the market that much.
- aurareturn 1y agoThe mother of all meme stocks collapsing would trigger people to exit all very risky equities.
- hashstring 1y agoI doubt it.
- aurareturn 1y agoI don't doubt it.