Tsla is flying high, and so high that it has made Elon musk the richest man yesterday, but today he is even pulling more ahead. Only thing is this is unrealistic, as Ford, Nissan, GM together have a combined value of roughly 110 billion. Tesla is approaching a trillion it is at somewhere in the 900 billion market cap. And now when it does come back to earth it is going to pull the S & P with it.
Since being added TSLA will be one of the biggest companies in the S&P and will have the weight of one. This being said, if TSLA gets cut in half, and it will. The S&P could lose 5 to 10 percent depending on the current weight of TSLA at that time. Potentially leading to larger losses like a crash flash. It will be interesting to see what happens in the next couple of weeks to months.
But sbd are still high
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Well looks like tsla is on its way to being chopped
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TSLA is not getting cut in half from here, would you like to make wager?
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