- Tesla shorts have been squeezed to an all-time low as the stock soars.
- While Elon Musk goes all-in on China, economic concerns are growing in Beijing.
- RSI is back above (******************************************************************, but bears will need more than indicators to break the spirit of euphoric Tesla bulls.
Tesla (NASDAQ: TSLA) stock surged to a record high above $ a share on Monday as bullish abandon engulfed the United States’ most valuable car manufacturer.
The big question for Wall Street bulls is just how much of this rally is related to a successful push into China, and how much is linked to a historic short-squeeze.
Tesla Shorts Reload as Market Cap Balloons to $ Billion
Amid the pure euphoria of proving the naysayers wrong, Tesla investors have driven the stock within striking distance of a $ billion market cap.
Thismilestone would earn Elon Musk a massive payday, but this is peanuts compared to what the rally has done for the billionaire’s net worth.
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