this post was submitted on 23 Apr 2025
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United States | News & Politics

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Tesla’s Remarkably Bad Quarter Is Even Worse Than It Looks (www.theatlantic.com)
submitted 1 month ago by cm0002@lemmy.world to c/usa@midwest.social
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[–] Blue_Morpho@lemmy.world 9 points 1 month ago* (last edited 1 month ago)

Large index funds match the stock market on a percentage basis, not based on individual performance. So they take in billions every day from 401k contributions in paychecks and buy Tesla, not because Tesla is doing well, but because it's in the S&P 500.