I'm wondering: why would heavy volume small term profit taking selling happen during market hours that didn't happen at higher profits in the extended hours? Is it purely a function of liquidity and probable profit pushing most trades into the higher liquid hours? Or is this more of a short selling swing trade?
There's a lot of writing on the short seller's side right now, giving them a lot of fake FUD to pretend to pretend to believe; if you read any of it, none of it holds up to logic; it's purely insane, so I think the short seller writers know they are lying. Question is, is that all it takes as a signal to those "in the know" that they will depress stock price for another short swing trade, regardless of reason, and this is the stock to do it in? I think that's the most likely non-profit-taking explaination. Moreso, they could be swing trading up and down,which means on the morning open they would be profit taking the up side and short selling the price for a down swing, which is double the down pressure.
This means that fundamental average stock price could raise after filtering out the swing traders, because the fundamentals are more obviously good; even though a lot of TSLA longs already knew the fundamentals were good since we see Model 3's everywhere, I recently drove to Sacramento area and found an entire region where there are almost no Tesla's, so there could be all sorts of surprised people who are just learning about Tesla actually selling product who believed 3rd hand short rumors that Tesla has been faking it. I don't know how representative Sacramento is, but there is a lot of non-Silicon-Valley areas out there that don't know about Model 3 the way we do.
As long as sane people see the stock price and value it appropriately, then those who are short will get out of their positions, and it can raise.
