• JohnDClay@sh.itjust.works
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    1 year ago

    So low interest rates caused Tesla stocks to go up? That seems like it’d equally cause all stocks to go up.

    • Techmaster@lemmy.world
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      1 year ago

      No, they’re referring to the fact that if you buy a Tesla, the government pays for something like 20% of the cost. You multiply that subsidy times the number of Teslas sold, and a massive chunk of Musk’s wealth is government funded.