Comment on China Is Banning Tesla-Style Retractable Door Handles Over Safety Concerns
anomnom@sh.itjust.works 2 days agoI’m sure most mutual funds are invested in musk companies, but unless they’re terrible hedge funds or something none of them should have more than a few percent in them. I was more speaking of the lenders who enable Musk’s bullshit like buying Twitter or fucking around with our elections.
And yeah, I guess I should have said finish off our space industry, but yeah it’s been screwed since the shuttle era I guess.
UnderpantsWeevil@lemmy.world 1 day ago
Tesla makes up 2.3% of the S&P 500 and 4.5% of NASDAQ. Then you have business downstream of Tesla - Luminar Technologies sells the majority of it’s LIDAR systems to Tesla, Hertz’s EV fleet is plurality Tesla, Panasonic co-owns Gigafactory 1.
They do it so they can be first in the door for future IPOs. JP Morgan has been a close ally of Musk’s for decades. And he’s repaid them with numerous opportunities to resell their debt. The Twitter loan was a small price to pay by comparison.