RationalOptimist
Member
The best explanation of the last month is that a group of hedge funds and related investors front-ran the SP500 inclusion. They knew the massive demand for shares wd be there and began buying aggressively in the weeks preceding. It's that (+ accompanying squeeze) that accounted for the massive 50% surge in stock price since SP500 announced. You have to say, they did their job well. The bought about the right number of shares and were able to offload them for significant short-term gain. It is this that created the liquidity that avoided a squeeze this w/e. The squeeze happened earlier. If the end result is that we stabilize above $600, that still represents incredible upside from SP500 inclusion compared to where we were. Just possibly we can look forward to a saner balance of shareholders from here on out. Buy and hold long-term longs + index trackers making up the vast majority of public float. From here on out, increases should be driven by pace of Tesla's actual product rollouts and their growing profitability....