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.

Warner Bros.. Pictures

A Robinhood trader said he turned $5,000 to more than $130,000 due to Tesla’s crazy stock rally.
A Reddit user using the name Kronos_415 said that he uttered the yield in under a month by trading call options.
He argued that an $800 stock price was reasonable given Tesla’s innovations and growth.
“Anything beyond $900 for Tesla is purely speculative, as their financials can’t legitimately back a valuation that high yet,” he explained.
Visit Business Insider’s homepage for more tales .

A Robinhood user said he turned $5,000 to more than $130,000 due to Tesla’s remarkable stock rally this past season.

The trader, with the Kronos_415 on Reddit, said that he uttered the yield in under a month. He advised Business Insider that he’s a small business analyst in Washington, DC, that started investing. He declined to share his name. See the rest of the narrative at Business Insider

NOW WATCH: A big-money investor in juggernauts such as Facebook and Netflix breaks the’3rd wave’ firms Which Are leading the next round of technology disruption

See Also:

A Reddit trader claims to have raked in a $4.3 million profit from betting on Tesla’s skyrocketing stockRenowned strategist Tom Lee pinpoints why just Tesla has soared 100% in just a month — and explains why it’s one of the best stock selections of 2020Wall Street’s 10 most precise tech analysts reveal the stocks that you should buy now for enormous returns within 12 weeks

Article Source and Credit feedproxy.google.com http://feedproxy.google.com/~r/businessinsider/~3/J_QCv8wNSME/robinhood-trader-made-1300-percent-return-tesla-stock-rally-2020-2-1028880891 Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com