Tesla is a company where market participants can derive polarizing yet rational conclusions from the same set of information. Which means vol is high and mean reversion is frequent, making it an ideal trading stock.
Seems Tesla is a "whole lotta hype", tax subsidies, and actually low-quality cars with more than its share of problems. Seems the stock should be doing much worse than it is.... Musk made $Billions on the back of US Taxpayers... hard to root for his or Tesla's success. On the technical side, all fundie considerations aside... seems a short ~$380 might have merit.
Headlines always grab more of people's limited attention span than the fine print that follows:- "The stock drop helped them recover much of their losses that came on Aug. 7, the day Mr. Musk tweeted he was considering taking Tesla private at a stock price of $420. Short-sellers lost $1.3 billion that day after Tesla’s shares jumped 11 percent on the news." Meanwhile, you don't lose or gain anything till you close out a trade.