(Photo by Ding Ting/Xinhua via Getty Images) Xinhua News Agency/Getty ImagesOver the past three months Tesla’s shares look like a SpaceX rocket ship launch. Tesla price chart StockCharts.comShort covering has not been a catalyst for the recent moveThere has been a lot of speculation that investors who sold Tesla shares short were buying them back and helping juice the stock price. The short interest peaked when the stock hit its early June low at about 44 million shares. Dusaniwsky pointed out that, “Surprisingly, the multi-month Tesla squeeze has taken a breather even as Tesla’s stock price rallied over 38% in 2020. Tesla shares have increased $46 or 9% since the article was published.

Source: Forbes January 25, 2020 13:30 UTC