Someone took advantage of the pop in the stock and
paid $0.44 for 631 of the June 2022 $5 strike puts
The stock is trading around 500. Risking $0.44 to make $4.56, so getting more than than 10 to 1.
This might be someone that is long TSLA bonds or has some other exposure to its credit and is protecting it. TSLA had $11.6 billion of long term debt as of Dec 2019.
Sources of above info:
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.