Happy hump day!

It's almost Friday...almost. 

Tesla Inc. (TSLA - Get Report) dominated the news to no one's surprise.

Tesla Just Got a Billionaire Ally -- At a Very Interesting Time

Maybe George Soros didn't hear about Tesla's troubles, or maybe he just really likes Elon Musk. 

Or maybe he thinks that this investment will put him first in line for a Model 3 or a Model S. Who knows.

According to new SEC filings, Soros Fund Management took a $35 million stake in Tesla's March 2019 convertible bonds during the first quarter of 2018. Those bonds have been under pressure in recent months, shedding about 15% of their value since a peak last summer.

Tesla continues to be the most heavily shorted stock on the market, with short interest reaching an all-time high of more than 39 million shares heading into May. That's approximately 31% of Tesla's float that's betting on shares to fall. At $35 million, Soros' bullish bet on Tesla is hardly a concentrated position (Soros Fund Management reports about $5.5 billion in aggregated holdings in its SEC filings), but it's a high profile one to say the least.

There's your sneak peek. Hop over to Jonas Elmerraji's story for more.

Cisco Shares Fall After-Hours Despite Earnings Beat

Cisco Systems Inc. (CSCO - Get Report) beat its earnings by a penny—yeah, you read that right.

Maybe the shares falling isn't too surprising, but hey! At least they still beat. 

A squeezed product gross margin may be responsible for Wednesday afternoon's selloff as the company reported non-GAAP product gross margins of 62.9% vs. 63.2% last year. Operating expenses also rose 6% year over year, representing 32.5% of the company's revenue.

TheStreet's Tony Owusu covered the earnings

How Tesla Can Raise Capital and Not See Its Stock Get Killed

And we're back to Tesla. 

Bret Kenwell, a freelancer for TheStreet takes on Tesla's capital.

On the company's most recent conference call, Musk reiterated his desire not to raise capital, either through debt or a secondary stock offering. Instead, he still plans on Tesla being profitable and cash flow positive in the third and fourth quarter this year.

If Musk & Co. hit their profitability targets in Q3 and Q4, Tesla may not need to raise capital, and if it does, it can do so with momentum working for them rather than against them.

But, Kenwell, says that there's one secret that could raise Tesla's capital without affecting the stock. Yeah, you're gonna have to see what Kenwell has to say.

Well, that's a wrap for Wednesday.