Building off of last week's post, this week's volume was even higher than last week's at ~107M shares! I did some digging, last week and this week are the highest volume weeks in TSLA ever with two exceptions: week of 11/4/13 (111M shares), and 5/13/13 (117M) shares. What's even more remarkable is that the week of 5/13/13 was the first full trading week following the Q1'13 earnings call, and 11/4/13 was the trading week during which the Q3'13 earnings call took place.
So we are seeing volumes that are by any measure very high for this stock, historically associated with major market moving events like earnings calls, and which mirror activity seen during one of its biggest growth periods in 2013, on no major news.
I would not be surprised if the week of or following Q4 earnings broke or came close to those previously set records.
So we are seeing volumes that are by any measure very high for this stock, historically associated with major market moving events like earnings calls, and which mirror activity seen during one of its biggest growth periods in 2013, on no major news.
I would not be surprised if the week of or following Q4 earnings broke or came close to those previously set records.
So while we wait for the official Nasdaq short interest to post, where did this week's volume end up? 99.5M shares. To put that in perspective, here are the other highest weekly volumes back through 2019:
It should be noted that the next highest volume week is in the 50M range, so these are all significantly higher than average volume week.
- Week of January 6th, 2020 (99.5M shares) Open: 440.47 / Close: 478.00 (current week, first full trading week after release of Q4'19 P&D report)
- Week of May 20th (98M shares) Open: 202.80 / Close: 190.63 NOTE: First full trading week after infamous cost cutting "10 months of cash burn rate" Elon leaked e-mail
- Week of April 29th (78.7M shares) Open: 235.86 / Close: 255.03 NOTE: Week after Q1 Earnings
- Week of October 21st (78.1M shares) Open: 258.33 / Close: 328.13 NOTE: Q3 Earnings Week
- Week of April 22nd (78.0M shares) Open: 269.00 / Close: 235.14 NOTE: Autonomy Day / Q1 Earnings Week
- Week of June 3rd (76.6M shares) Open: 185.51 / Close: 204.50 NOTE: 52-week low
- Week of December 16th (73.2M shares) Open: 362.55 / Close: 405.59 NOTE: Week of a number of good news developments including TSLA achieving ATHs.