Tesla Stock Is on a Tear. Watch for This Level as Short Sellers Get Burned.

Tesla Stock Is on a Tear. Watch for This Level as Short Sellers Get Burned.

Tesla stock is flying as short sellers scramble to close out bets that the price would fall. On Monday, Tesla (ticker: TSLA) shares were up 7.4% at $143.30. Shares hit that low just after Tesla announced price cuts in China, but since then, Tesla has cut vehicle prices in North America and Europe as well.