[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 306.7K followers Created: 2025-07-21 19:00:06 UTC Dave Portnoy, founder of Barstool Sports, made headlines earlier this month when he bet $XX million on Tesla stock. At the time, shares were trading around $293, and he said he was hoping for a XX% bounce in two weeks. His reason? Elon Musk’s political antics had just triggered a nearly X% dip in the stock, and Portnoy saw an opportunity. In a video posted on X, Portnoy said the goal was to pocket $X million and then head to the Saratoga Race Course. Less than two weeks later, Tesla closed at $XXX a share, delivering a XXXXX% return. That’s more than the million-dollar target he was aiming for. Portnoy hasn’t confirmed if he cashed out, but his bet played out exactly how he hoped. The trade came at a time when Tesla shares were under pressure due to Musk’s involvement in launching a new political party and a public rift with Donald Trump. Despite the recent bounce, Tesla’s outlook remains cloudy. Analyst Dan Ives believes Musk’s political moves have weighed on the brand. A Benzinga survey shows XX% of readers expect Tesla shares to decline over the next year, even with Portnoy’s win in the short term.  XXXXX engagements  **Related Topics** [elon musk](/topic/elon-musk) [stocks](/topic/stocks) [coins sports](/topic/coins-sports) [$dave](/topic/$dave) [tesla](/topic/tesla) [stocks consumer cyclical](/topic/stocks-consumer-cyclical) [stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries) [Post Link](https://x.com/Benzinga/status/1947371022857941314)
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Benzinga @Benzinga on x 306.7K followers
Created: 2025-07-21 19:00:06 UTC
Dave Portnoy, founder of Barstool Sports, made headlines earlier this month when he bet $XX million on Tesla stock.
At the time, shares were trading around $293, and he said he was hoping for a XX% bounce in two weeks. His reason? Elon Musk’s political antics had just triggered a nearly X% dip in the stock, and Portnoy saw an opportunity.
In a video posted on X, Portnoy said the goal was to pocket $X million and then head to the Saratoga Race Course. Less than two weeks later, Tesla closed at $XXX a share, delivering a XXXXX% return. That’s more than the million-dollar target he was aiming for.
Portnoy hasn’t confirmed if he cashed out, but his bet played out exactly how he hoped. The trade came at a time when Tesla shares were under pressure due to Musk’s involvement in launching a new political party and a public rift with Donald Trump.
Despite the recent bounce, Tesla’s outlook remains cloudy. Analyst Dan Ives believes Musk’s political moves have weighed on the brand. A Benzinga survey shows XX% of readers expect Tesla shares to decline over the next year, even with Portnoy’s win in the short term.
XXXXX engagements
Related Topics elon musk stocks coins sports $dave tesla stocks consumer cyclical stocks bitcoin treasuries