> Sadly, I also own a lot indirectly through ETFs by virtue of TSLA being in S&P 500.
this bit strikes me as a mistake. I did the calculations recently for this, actually, and even if you assumed that TSLA went to zero (which it won't; it's overvalued but its value isn't zero) the loss on S&P would be extremely small (don't remember actual numbers, but the calculation is easy to reproduce).
Sure, TSLA is 1.39% of the ETF I invest in. On the one hand, that's a low percentage, but on the other hand because I've investing in an S&P ETF for so long, it's significantly more than I'd like for a company run by a CEO I don't trust!
Oh, and just to be clear, I'm not considering the case of TSLA going to 0. Arguably TSLA dropping by 10% isn't significant in the grand scheme of things as it regularly fluctuates by that much in a day anyway, but I'd still rather have less exposure to that than more.
> Sadly, I also own a lot indirectly through ETFs by virtue of TSLA being in S&P 500.
this bit strikes me as a mistake. I did the calculations recently for this, actually, and even if you assumed that TSLA went to zero (which it won't; it's overvalued but its value isn't zero) the loss on S&P would be extremely small (don't remember actual numbers, but the calculation is easy to reproduce).