It hit 400+ twice already. They are holding it for the long term, like 10 or 20 years, not watching the price move every day.
But I think hedge funds are the real players here. Tesla is one of their successful investments. So placing even more bets there to keep numbers looking good is one possible play...
No. The big index funds fully replicate the index.
They will drop Tesla only if Tesla is dropped from the index.
Tesla is currently up by 1150% since 2019.