Virgin Galactic’s stock has more than tripled in the past three months, up 298% at the end of trading Wednesday.
Fidelity told CNBC that Virgin Galactic was bought more than any other stock on Tuesday — topping Apple, Tesla and others.
Virgin Galactic and Tesla have similarities that help explain why both are such popular speculative plays for investors.
Musk, who owns about 19% of the company’s stock, or 34.1 million shares, saw the value of his holdings jump by $4.5 billion as the company’s shares climbed more than 17% between Monday’s close and midmorning trading Tuesday. Musk has added more than $17 billion to his net worth just this year — more than any other billionaire in the world. To put that into perspective, he has made $500 million a day — or $20 million an hour — since Jan. 1.
Read MoreA Tesla executive said that cars initially scheduled for delivery in early February will be delayed due to the outbreak of the new coronavirus.
Tesla shares fell 17.18% Wednesday.
Tesla began rolling out Model 3 vehicles from its Shanghai Gigafactory to Chinese customers in January.
Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1.5 on Thursday after its solid earnings, according to data firm S3 Analytics.
Tesla short sellers are now down more than $5.2 billion this year in mark-to-market losses after losing $2.89 billion in 2019.
Since the stock’s June low, Tesla shorts have covered 19.11 million shares, worth $11.1 billion, and are down $12.43 billion in mark-to-market losses.
In an invitation-only call with institutional clients of Morgan Stanley on Wednesday, research analyst Adam Jonas — a long-time Tesla bull — expressed skepticism about the electric vehicle maker and said not to count on a buyer like Apple to bail the company out.
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