For the record, Vanguard also has significant interest in the success of all Tesla competitors that are part of the index.
Did Vanguard officially stated that they have "significant amount of trust in Musk"? They are not Cathy Woods.
Did Vanguard officially stated that they have "significant amount of trust in Musk"? They are not Cathy Woods.
They don't really. They own GM and Ford stock, in smaller quantities, nothing from the other largest auto makers. Do you know something I am not aware of?
Most of Vanguard is a large bureaucracy with two goals: accurately track an underlying index and keep the cost low. They do have some actively managed funds but those are insignificant compared to their passive funds.