We spoke with a Robinhood trader who says he made a 2,500% return from Tesla's stock rally. Here's how he did it.

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• A Robinhood trader said he turned $5,000 into more than $130,000 thanks to Tesla's wild stock rally.
• A Reddit user with the name Kronos_415 said he netted the twenty-six-fold return in under a month by trading call options.
• He argued that an $800 stock price was fair given Tesla's innovations and aggressive expansion.
• "Anything beyond $900 for Tesla is purely speculative, as their financials can't legitimately back a valuation that high yet," he said.
• Visit Business Insider's homepage for more stories.

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A Robinhood user said he turned $5,000 into more than $130,000 thanks to Tesla's remarkable stock rally this year.

The trader, who has the username Kronos_415 on Reddit, said he netted the twenty-six-fold return in under a month. He told Business Insider that he's a 28-year-old business analyst in Washington, DC, who began investing six months ago. He declined to share his name.

See the rest of the story at Business Insider

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See Also:

• A Reddit trader claims to have raked in a $4.3 million gain by betting on Tesla's skyrocketing stock
• Renowned strategist Tom Lee pinpoints why exactly Tesla has surged 100% in just a month — and explains why it's still one of his top stock picks of 2020
• Wall Street's 10 most accurate tech analysts reveal the stocks you should buy now for huge returns within 12 months

from Business Insider https://ift.tt/39bvew8