True, DIA is essentially that universe. Although it is something. Perhaps more meaningful is the prestige of being in the DJIA. That could influence active fund managers, stock analysts and bond rating services. Not to mention potential buyers of Tesla products.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
True, DIA is essentially that universe. Although it is something. Perhaps more meaningful is the prestige of being in the DJIA. That could influence active fund managers, stock analysts and bond rating services. Not to mention potential buyers of Tesla products.
I enjoy a run as much as the next guy, but... You left the ticker and were gone for the close? I could not have pulled away.
GENE! You're not buying another Model 3 SR+ are you? What's that now, FOUR?!
Cheers!
Maybe fourteen?
You mean... we have to learn all the rules and go through this... again?
Kevin is actually quite bullish on Tesla. He’s said it’s actually his largest holding. And he has a huge following. He has an interesting way of dispelling FUD, without alienating the “non-believers”; he’s quite conservative with his numbers, but that’s not a terrible thing me thinks. And he drives a model 3, and often talks about how great it is...in a not so condescending way.
Maybe discussing how we will use some of our profits to help underserved communities? Let’s not forget there are a LOT of people hurting right now.
Remember to pay it forward this holiday season!
Artful Dodger
"Neko no me"
Kinda depressed... Google currency converter informs me that my Canadian house is now worth $5 bucks more than my TSLA shares. 
/s
/s
JusRelax
Active Member
According to my analysis (which could be completely wrong since I'm doing it on my phone and using my memory transferring numbers from yahoo finance to calculator app), VOO has bought somewhere between 90-91% of the shares they need of TSLA.
Edit: comparison to FB using yahoo finance market caps, which @Artful Dodger has determined does not account for the extra $5b issued, results in about 5.3% shares still need to be bought for VOO
Edit 2: adding in the $5b for issued stock, I'm getting 6.04% of shares that still need to be bought.
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Artful Dodger
"Neko no me"
Bet TSLA
Active Member
There used to be prestige associated with being in the Dow. Just like being the best ICE car used to have some prestige associated with that. Nowadays both are the sort of thing only your mom brags about.
Cramer still can't get over Elon saying he might just be a simulation LMAO
Does the Street try to spoof the market (and not just retail)? Hmm, you tell me.
Would it be easy for the Street to rack up big numbers of trades without actually expending much money? Yes, I expect so.
Is that what I think is happening here? Not perhaps so much. It was just a simple example.
Does it stretch credulity to think that 60 million unique and actual shares have been bought solely by index funds in the AH because that is the number of trades? Without a doubt.
I can't seem to find anything online myself, but this seems to imply VOO has all the TSLA it needs?
Did some quick math:
AAPL's weight in VOO yesterday was 6.44% yesterday according to etfdb.com.
That means it's updated weight should be ~6.30%: (6.44% * 4365 / 4455)
Taking the ratio of the $ value of the TSLA to the $ value of AAPL, multiplied by AAPL's new weight, should give us TSLAs weight?
(207 * $695) / (4365 * $126.65) * 6.30% ~= 1.64%
Which sounds right given the share price of TSLA.
I donated $500 to my local food bank last month. I did my part...
Artful Dodger
"Neko no me"
One thing is for sure, today the SEC pocketed a *sugar* tonne of fees:
"The Securities and Exchange Commission today announced that starting on April 16, 2019, the fee rates applicable to most securities transactions will be set at $20.70 per million dollars." - Mar 12, 2019"
Yeah, so that's about $3.1M in SEC fees today.. "Thanks, Elon"
Cheers!
JusRelax
Active Member
I did this comparison with FB using yahoo market caps as a baseline to compare to and concluded that about 5% of shares still need to be bought.
Kinda depressed... Google currency converter informs me that my Canadian house is now worth $5 bucks more than my TSLA shares.
/s
but isn’t your home overvalued?
Just caught that, you posted while I was furiously calculating away. Either way, whether it's 95% or 100%, both are much more than one might have wanted to conclude based on the size of the ~CLOSING CROSS~.
It does make me wonder if maybe the likes of IVV, SPY and VOO did get in their full orders (or the vast majority, as you said) at the $695 price. And maybe the gap (70m vs 130m) can be explained by smaller, less rigidly-tracking-error-sensitive funds may have accumulated through the day, AH, or even throughout next week.
Dude, your house peaked in Q3, but will have record breaking Q4.Kinda depressed... Google currency converter informs me that my Canadian house is now worth $5 bucks more than my TSLA shares.
/s
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