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The year-to-date losses include a $1.2 billion mark-to-market drop in one day for short-sellers when Tesla surged to a new high on Wednesday.
Tesla has a new biggest bull on Wall Street — and their optimism around the firm’s solar business has shares soaring
Two Piper Sandler analysts installed a solar system to test their hypothesis for Tesla's energy business and called the early results "illuminating."
"I think Elon Musk is peculiar and he may overestimate himself but he may not be wrong all the time," Charlie Munger said.
Adam Jonas of Morgan Stanley likes Virgin but is skeptical of the stock, saying it "appears to be driven by forces beyond fundamental factors."
‘A smart move’: Here’s what 4 Wall Street analysts are saying about Tesla’s $2 billion common stock offering
Tesla's offering was "a prudent decision given current share prices, and puts the company in a strong financial position," Ben Kallo of Baird wrote.
Prominent hedge fund investors such as Tom Claugus, David Einhorn, and Crispin Odey have experienced losses due to short positions against Tesla.
Tesla slips as it announces a $2 billion stock offering just 15 days after Elon Musk said it wouldn’t raise more money
Tesla intends to use the net proceeds from the new offering to "further strengthen its balance sheet, as well as for general corporate purposes."
Consumer discretionary stocks including restaurants, entertainment, and the biggest US technology companies are leading the surge in options volumes.
"Call buying has dominated this rise in activity, pushing call-skew on single stocks to 1-year highs," according to Goldman Sachs.
And, "any softness in Model 3 sales or orders domestically or in Europe could ultimately spook investors near-to-medium term," wrote Toni Sacconaghi.