Not true. Most longs are in about the same place as they were yesterday. Few went out on a limb and bought on that dip. But it is a nice gain for the day and seems likely to hold. FWIW, I think these stories about the value of the stock being much lower are trotted out by hedge funds to induce put buying. After enough money has been committed to buying puts, they simply push the stock back up to capture the value of the puts they sold. Basically, I believe they are using certain stocks like TSLA as their personal piggy bank to make money by controlling the price. If I am right, this is and has been great for longs.