Investors were hoping alternative-energy vehicle upstart Nikola would be the next Tesla. But controversy and a disappointing deal with GM prove it's not.
The continuation of vaccine and stimulus hopes and a divided government may push stocks and ETFs higher in December.
Shares of Tesla (NASDAQ: TSLA) were pummeled early Wednesday morning. The stock's big hit this morning was likely due to a tweet last night from noted investor Michael Burry. The former hedge fund manager, who is well known for predicting and profiting from the subprime mortgage crisis, said he is currently shorting Tesla stock.