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The Silicon Valley Bank Collapse and Its Implications for the Financial System and Tesla Stock
In an unprecedented move, regulators have shut down Silicon Valley Bank (SVB), marking the largest bank failure since the 2008 global financial crisis. Although SVB might not be a household name for many, it holds significant weight in the U.S. banking sector, being the 18th largest bank nationwide. This collapse has sent shockwaves through the financial industry, sparking concerns about a potential chain reaction and its impact on investments, particularly Tesla stock.