I remember not too long ago when daily volume of tsla trading was in the 800,000 range. With the first qtr report it dramatically increased. Wide swings obviously more trading than investing. Will it settle down? When it does, excluding short squeeze events will it ultimately raise or lower price?
to put it into perspective compare to amazon, a fairly hot stock theses days as well. Fair number of traders on both sides of the trade. Amzn has over 3 times the number of shares outstanding than tsla. Despite this (with earnings report only two days away and dramatic price increase over the qtr) amzn average daily volume traded is only one third that of tsla. I wonder at times whether its the same 10 to 12 million of tesla shares traded each day or maybe the same 3 million shares traded multiple time each day? There must be studies on this out there. Is there a measure of the "velocity" of trading or what percentage of shares are actively traded and how it affects price?