My buddy who trades TSLA just blew out... I can't be sure of the loss but he blocked me on Twitter and insta, so it's gotta be bad. He was down $2MM on the year with the shares at $335 and I know he was short 100K there as well as thousands of naked calls (short). I am off this week and just looked. $388. ATH.
Oh my! I know 2nd and 3rd hand info is tough to know but if you had any insight into why he made the trade I would love the insight.
He was convinced it was a $75 stock. He was short from 260 and held it to the touch of 165 on something like 80K shares. Didn't cover. Forced to cover at 250 and then shorted (100K shares) again the day before earnings. Was shorting calls all the way to 350. I haven't talked to him since it hit 350. He's trying to sublet his $40K/month Tribeca apt on the qt as the co-op board won't allow it.
Same thing is going to happen with $SPCE, mark my word. Get in now folks. Its gonna take awhile, but when it starts up, its gonna keep going.