The post Tesla stock short volume ratio at 2-week high, despite Elon Musk’s “return” appeared on BitcoinEthereumNews.com.

⚈ Tesla’s short volume ratio hit a two-week high of 49.13 on April 23.⚈ Stock rebounded 6.83% after earnings, but remains down 36.39% year-to-date.⚈ Weak Europe sales and political backlash continue to pressure long-term outlook. Short sellers have set their sights on Tesla stock (NASDAQ: TSLA), despite recent developments which the market reacted positively to. To be more precise, TSLA’s short volume ratio reached a 2-week high of 49.13 on April 23, per data retrieved by Finbold from market intelligence platform Fintel, indicating elevated bearish sentiment. TSLA stock short volume ratio. Source: Fintel Despite a rebound following the company’s disappointing Q1 2025 earnings call, which saw TSLA shares rally by 6.83%, up from $250.74 on the day of the quarterly report to $256.87 at press time on April 24, the stock remains down 36.39% on a year-to-date (YTD) basis. TSLA stock price year-to-date (YTD) chart. Source: Finbold The recent surge in TSLA stock price can be attributed to Chief Executive Officer (CEO) Elon Musk’s decision to partially step away from his obligations at the Department of Government Efficiency (DOGE). However, that might not be enough to change the automaker’s fortunes. Despite surge in Tesla stock price, core operational metrics remain weak Per Finbold’s research, the electric vehicle (EV) company has suffered a dire drop in year-over-year vehicle sales in Europe. Between January and March, Tesla sold 54,020 vehicles in Europe — which rounds out to roughly 600 per day,  in contrast with 945 per day in Q1 2024. While Musk’s decision to refocus his efforts on his business has led some, like Wedbush’s Dan Ives, to increase their price forecasts for Tesla stock, it remains to be seen whether or not this development can counteract the serious headwinds that the company faces. For one, Musk remains a part of Tesla’s…

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Filed under: News - @ April 24, 2025 3:27 pm