The Buzz
Elon Musk's SolarCity jumps 16%
May 20, 2013: 2:25 PM ET
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.
jleonard711
Very few entrepreneurs succeed in turning an idea to a $1B+ business. Elon Musk has done it 4 times: $TSLA $SCTY $PAYPAL $SPACEX. Incredible
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.
QuickCASH
$SCTY Out of this one for a huge gain thanks Musk u are the best if only $AAPL Tim Cook learn how to be like u
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 $700.
One die hard Musk fan was pining to get in on Musk's privately-held space exploration and transportation company, SpaceX.
ChristopherCowan$TSLA
$SCTY When will they give us SpaceX? I will be getting in on Day One!
Not everyone was so bullish. Some traders pointed out that SolarCity has been heavily shorted and that the rally is being driven by investors buying back shares to cover those bets.
Related: Tesla may be a bubble ... but nobody cares
chicagosean
Overheard: "$SCTY, best short EVER". #SlapsHead.
fandango
$SCTY called the short squeeze almost to the day! thats what happens when 40% of float is shorted..you get lightning ina bottle on news
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.
AllenGingrich
$SCTY Sell off done, ride this!
For one other trader, the Musk trade works in mysterious ways.
rob_hanratty
$SCTY not sure how, but somehow seems to be headed higher...
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Tesla may be a bubble ... but nobody cares
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 MORE
Paul R. La Monica - May 17, 2013 11:28 AM ET -
SolarCity surges to new high
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 MORE
Catherine Tymkiw - May 13, 2013 11:24 AM ET -
Investors electrified by Tesla
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 MORE
Catherine Tymkiw - Apr 30, 2013 11:12 AM ET -
Can anything stop Tesla?
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) MORE
Paul R. La Monica - Apr 23, 2013 1:09 PM ET -
Tesla shares get a jolt
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 MORE
Catherine Tymkiw - Apr 16, 2013 1:04 PM ET -
SEC: OK to use Twitter, Facebook for announcements
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 MORE
Hibah Yousuf - Apr 2, 2013 4:24 PM ET -
Tesla stock dips on poor Model S review
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 MORE
Maureen Farrell - Feb 11, 2013 3:02 PM ETPosted in: auto, cars, electric car, electric cars, electric charging, Elon Musk, Model S, new york times, Tesla, vehicle -
SolarCity IPO shines
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 MORE
Maureen Farrell - Dec 13, 2012 12:50 PM ET -
Tesla stock charges higher
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 MORE
Paul R. La Monica - Nov 5, 2012 1:11 PM ET
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