+1 to donpedro's comments
you don't think there was an element of short squeeze in that $9+ move up overnight from $37 to 46? that was a huge move! $1 billion increase in market cap with no clear information of the specifics of the earnings, it's a lot. not every short is going to run out and cover at the first sign of good news. especially not on a $9 move up in a day. even if they want out they'll be patient, try to buy a dip, or hope the earnings are bad... basically do all the things you would do if you were trying to patiently buy a stock.
i think you don't feel the squeezing because you're not short. imagine every day that goes by costs you 5-10c per share just for the privilege of borrowing shares to stay short. how long are you gonna wait? if you're short a thousand shares. oh there goes $50. and another $70. and another $80. easter weekend? oh that just cost $300. and oh crap the stock just went from $36-41 and there goes another $5000. and oh crap. another $80. and another $80. and another $80. and now the weekend. that's gonna cost $150.
trust me it sucks big time to be on that side of the trade.
that short is thinking of all his ways out. he's on the phone with cory johnson, telling him hey production went down... tesla emailed everyone to stuff the quarter... the reservations are collapsing... oh thank god now the stock is coming down. he's calling his analyst at merrill or pacific crest, or wherever. "say it sucks man. tell 'em it's not real."
and today, oh yay jobs numbers are bad, now tesla's gonna get killed.... but oh crap why is it holding 41? well maybe north korea will do something crazy over the weekend or a tesla will catch fire or something...
this is the thought process of the undisciplined tesla short right now. it sucks to be him. when either he's happy with a profit or hopefully for us his finally life gets too miserable and he has to cover... then he'll come in do something like what just happened. "buy 25,000 tesla at market!" and tesla will jump 25c in a heartbeat.
