Options Market Statistics: Tesla Shares Drop 5% on Panasonic Battery Warning, Options Pop

Shares of Tesla ended nearly 5% lower Monday, its lowest close since May 26, as the off-and-on downdraft since the company reported third-quarter results earlier this month continued. The drop was also the stock's largest one-day percentage decrease since Oct. 19, a day after the earnings report. Tesla at the time also sought to temper expectations about its newest model, the Cybertruck, and how long it would take for the company to reach volume production of the electric pickup truck. Also worrying investors on Monday was news that Japan's Panasonic, a Tesla battery partner, cut down on its domestic battery production, citing slower sales to Tesla. Confidence on a strong demand for EVs has been shaken in recent days, with Ford executives saying last week that EV owners are unwilling to pay a premium for EVs over internal combustion-engine cars.

SoFi Technologies posted higher revenue for the third quarter as the online bank drew fresh deposits into its system.

The online-banking company posted a loss of $276.9 million, or 29 cents a share, compared with a loss of $84.4 million, or 9 cents a share, in the same quarter a year ago.

Stripping out one-time items, including goodwill impairment charges, SoFi posted an adjusted loss of 3 cents a share. Analysts surveyed by FactSet expected a loss of 8 cents a share.

Revenue rose 27% to $537.2 million. Analysts surveyed by FactSet expected revenue of $511.3 million.

Deposits more than doubled from the end of last year to $15.7 billion, up 23% from the previous quarter as the online bank's interest rate on cash draws new customers. Chief Executive Anthony Noto said the median FICO score among new direct deposit accounts was 743.