this post was submitted on 29 Dec 2025
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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.