Short sellers are no doubt planning on trying to trigger a few more stop-loss values set by the new TSLA investors who bought in during the past two weeks. The problem for the shorts is that the OPEC news today is working against them, and thus the dips are going to be expensive.
I think if we reverse into the green this morning there's an opportunity to see the buyers return. What everybody's looking for is confirmation that a bottom has been hit.
I think you may be on to something. Already we are 27% of the avg daily volume and most of it has clearly been on the selling, all in the first hour. They are trying to get ahead of any overall positive sentiment in the market.