As I'm sure you're aware, the patron saint of over valuation Elon Musk recently polled his Twitter following to ask if he should cover a large tax bill by selling 10% of his TSLA holdings.
We are about to see if this has an effect on TSLA and by proxy on SPY.
My question is, how much of an impact does any one holding have on a large ETF like SPY? I've found varying sources on what percentage of SPY's holdings are TSLA and it seems to be between 1.4% and 3%.
If TSLA tanks does SPY? Will the market more broadly?
Submitted November 08, 2021 at 07:42AM by StaunchBleachUpside https://ift.tt/309vhtw
