Random speculation.
There are still around 25 million TSLA shares short, presumably held by hedge funds. (Most retail shorts got squeezed out already I think.)
I think we are now getting to price levels where they'll have to think about capitulating their TSLA short positions - before news like a Moody's upgrade, S&P 500 inclusion or feature-complete FSD further increases the stock price.
I'm wondering whether anyone here has insight into how run of the mill hedge fund managers are acting in such scenarios, of which there must be hundreds still shorting Tesla: is it rule based? Emotion based? Peer pressure? Financing pressure? I doubt there can be much of a collateral squeeze forcing capitulation in a bull market, at most funds.
Of the biggest (known...) shorts, David Einhorn has already effectively capitulated, but Jim Chanos's capitulation is still overdue. That would be rather cataclysmic, similar to the Andrew Left capitulation.
