People Twitter

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People tweeting stuff. We allow tweets from anyone.

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SendMeYourTaTas@sh.itjust.works

pelespirit@sh.itjust.works

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Tim Walz with the bangers (slrpnk.net)

submitted 1 day ago by ByteOnBikes@slrpnk.net to c/whitepeopletwitter@sh.itjust.works

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[–] UnderpantsWeevil@lemmy.world 5 points 1 day ago

Not sure if it’s adequate to list Tesla next to the Dow Jones, S&P 500 and Nasdaq as if they were equally important

Tesla is 2.4% of the entire NASDAQ market cap and serves as a significant chunk of financial portfolios across the banking sector. Hugely influential company, even before you get into how it's revenues prop up Starlink and Twitter.

Changes in the Tesla price have big downstream impacts on bank liquidity, future demand for computer hardware, and pension performance. It quite literally moves markets.