That’s interesting. Short squeeze, a natural confluence of a fundamentally good growing company vs insane shorting vs black-swan market crash.
I expect we must be near the peak of this hype cycle. Musk himself opined the stock was too high (which hiccuped, then charged ahead). We’ve been waiting for something to wipe out the short holders, and recovery from a black-swan crash certainly sparked it.
Which all ... points to Tesla being a solid prospect. Betting on believable risk led to lots of buying shorts; those shorts all failing in such massive numbers for so long indicates the company isn’t going to fail, nay they are positioned to take a big bite out of an enormous industry.
This short squeeze might spike the stock price, then crash it, but there’s still a solid prospect making progress toward industry domination/replacement. When the price drops for want of more losing shorts, will be time to buy more Tesla stock.
BTW: Apple, which also nearly died at one point, continues its long rise. It too has room to dominate an entire industry.