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PHOTO CAPTION: Success of Tesla Model S has sent shares skyrocketing for investors.

Some Tesla Investors Put All Their Eggs in One Electric Car 'Basket'

They call themselves 'Teslanaires', investors in Tesla Motors, who are, on paper, worth $1 million.

Published: 09-Sep-2013

In June of last year, Patrick Hop poured his life savings — $30,000 — into Tesla Motors Inc. stock, then trading at about $32 per share.

When the stock hit $115 this past July, he dumped all his shares and invested in options on Tesla stock, which are high-risk bets on the stock’s future performance.

Now, Hop, a 22-year-old senior from Millbrae, Calif., who is studying applied math at the University of California-Berkeley, estimates he’s made about $250,000 — on paper, at least.

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