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[–] 11 points 12 hours ago (2 children)

Most shareholders don't have a choice. Pension funds and 401k's are legally required to own a pool of all stocks which forces them to buy Tesla.

It's how Musk got to offload his overpriced SpaceX stock onto the public.

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  • [–] 5 points 10 hours ago (1 child)

    They diversify sure. But are they required to have a pool of β€œall stocks?” (That would be quite a few.) The portfolio managers can choose what to include in the portfolio.

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