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It's probably not a short squeeze yet - I'd guess this is positive reaction to the chair of board decision.
Picking Robyn Denholm was really smart: she appears to be a cooperative, non-confrontative person who will work well with Elon and not undermine him. After Elon's "I am the nobody of Tesla" moves there was some uncertainty about whether Elon's going to honor the intent of the SEC settlement, or just its letter, and now that uncertainty is gone - Elon is acting like a grown-up.
So Yahoo has this new (at least to me only appeared today) graphic in the TSLA section. Can someone explain to me where the strong dividends rating comes from? Feels like I have been cheated all these years and someone is keeping all the dividends to itself!