I don’t think we will see VW in 2008. The reason is simple: there is no element of surprise in TSLA. It is a high stakes poker game but any outcome has been discussed many times. We will hear lots of noise but I doubt we will see a 2000 USD share price. Many shorts are in options- they will just expire. Other shorts are hedged with options. The shorts simply had too much time to get prepared... (all my take/opinion)
Sure, there are many shorts with options, but the fact remains that there are about 35 million shares shorted. Those are not options, they are direct short sales that must be covered before the stock is de-listed. If the number of long shares not going private is less than 25 million, then squeeze worse than VW will happen.