this post was submitted on 29 Dec 2025
808 points (99.4% liked)
Technology
78121 readers
1623 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I’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.
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.