this post was submitted on 26 Apr 2025
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United States | News & Politics
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If you have a 401k you are probably a holder of Tesla stock since it's in the index funds.
This is one of the bigger problems with the current stock market where investment decisions for a huge amount of the capital in the market is being made mechanically by looking only at the market capitalization of the company. We end up in a hyperreal situation where if you pump hard enough on a stock you can basically "manifest" a blue-chip label on it and then leverage everyone's retirement accounts to keep it