Investors can't seem to get enough of Elon Musk.
Just take a look at SolarCity (SCTY).
Shares of the Musk-backed solar energy company rallied 16% Monday.
Shares took a hit last week after the company reported a wider-than-expected first-quarter loss. But the stock quickly bounced back after SolarCity reached a deal with Goldman Sachs (GS) to finance $500 million of solar projects.
Investors on StockTwits were quick to jump on the Musk bandwagon.
Musk, who is the chairman of SolarCity, was a co-founder of Internet payment system Paypal.
But he's perhaps best known as the founder of electric car company Tesla (TSLA), which makes what Consumer Reports called the best car it ever tested. That would be the Model S, for anyone who missed it.
Poor Tim Cook. It's not like Apple's products have fallen out of favor... at least not as much as the stock. Shares of Apple (AAPL) are down nearly 40% from their all-time high above $700.
One die hard Musk fan was pining to get in on Musk's privately-held space exploration and transportation company, SpaceX.
Not everyone was so bullish. Some traders pointed out that SolarCity has been heavily shorted and that the rally is being driven by investors buying back shares to cover those bets.
Shares of SolarCity have been on a tear in the past few months, more than quadrupling in value since debuting on the Nasdaq in December at an IPO price of $8.
With the shorts being squeezed out, some traders see more upside for SolarCity.
For one other trader, the Musk trade works in mysterious ways.
Tesla shares did something on Friday that they don't often do. They fell.
The stock was down nearly 3% in late morning trading even though Tesla (TSLA) announced that it was boosting the size of its secondary offering. Earlier this week, the electric car maker said that proceeds from this stock sale would be used to pay back the terms of a loan from the Department of Energy.
Still, it's understandable why MOREPaul R. La Monica - May 17, 2013 11:28 AM ET
Talk about a warm-up.
Investors can't seem to get enough of companies that harness the sun's power. Shares of SolarCity (SCTY) soared to an all-time high of $31.89 on Monday.
The company has only been public for five months and shares have nearly quadrupled from their $8 IPO price back in December.
Related: SolarCity CEO talks the future of solar power
SolarCity, which installs solar panels, is still among the smaller players MORECatherine Tymkiw - May 13, 2013 11:24 AM ET
Tesla is on a roll.
Shares of the electric car maker rallied to a new high Tuesday, just days before the company is set to report its first profit ever.
Tesla (TSLA) offered up a preview of that report earlier this month, saying sales of its all-electric Model S were exceeding expectations.
The Model S is a full-size, four-door luxury sports sedan. While it was unveiled in 2009, it wasn't available until last MORECatherine Tymkiw - Apr 30, 2013 11:12 AM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Tesla may be the Apple of the auto business. By that, I mean it's a company that's disrupting an entire industry ... not that it's a stock going nowhere fast.
When you look at Tesla (TSLA) MOREPaul R. La Monica - Apr 23, 2013 1:09 PM ET
Talk about electrified.
Shares of electric car maker Tesla spiked 6% Tuesday, nearly hitting a new high, on heavy trading volume.
Tesla generated a lot of buzz last month after CEO Elon Musk tweeted about a game changing announcement.
Really exciting @teslamotors announcement coming on Thursday. Am going to put my money where my mouth is in v major way.
— Elon Musk (@elonmusk) March 25, 2013
The news (which hit the airwaves last MORECatherine Tymkiw - Apr 16, 2013 1:04 PM ET
Netflix CEO Reed Hastings caused a stir last year after he revealed that Netflix's monthly online viewing had exceeded one billion hours on his Facebook page instead of a press release or public filing. That raised concerns about whether social media posts were in compliance with the Securities and Exchange Commission's Regulation Fair Disclosure (Regulation FD) rules.
But following an investigation prompted by Hastings' post, the SEC has decided it's MOREHibah Yousuf - Apr 2, 2013 4:24 PM ET
The idea of a driving an electric car has always intrigued me, but after reading a New York Times review of the Tesla (TSLA) Model S on I-95, it sounds like a total nightmare.
According to the writer, the battery on the Model S drained much quicker than promised in cold weather during a recent trip up and down the East Coast. With only a few charging stations in the Northeast, the writer was forced MOREMaureen Farrell - Feb 11, 2013 3:02 PM ET
SolarCity (SCTY) is shining on its first day of trading.
In its debut on Nasdaq (NDAQ) Thursday, SolarCity closed 47% above its $8-a-share initial public offering price.
To get that pop, SolarCity was forced to scale back its expectations. The company had originally tried to price its offering between $13 and $15, which would have given it a valuation close to $1 billion, and raised $141 million.
Even though the company upped MOREMaureen Farrell - Dec 13, 2012 12:50 PM ET
It's been a good couple of days for Elon Musk and his electric car company Tesla. Last week, Automobile Magazine named the company's Model S as its "car of the year." On Monday morning, Tesla followed up that bit of good news with financial results that pleased Wall Street.
Sure, Tesla (TSLA) is still losing money. And it actually posted a loss that was a bit larger than what analysts were MOREPaul R. La Monica - Nov 5, 2012 1:11 PM ET
Not a member yet?Sign up now for a free account
|Apple set for showdown on Capitol Hill over corporate taxes|
|Yahoo must learn from past merger mistakes|
|Why I'm protesting against Gap over Bangladesh|
|The biggest merger you didn't hear about today|
|Tesla's fight with America's car dealers|