$NIO Inc.(NIO)$ NIO has opened 2 new swap stations, bringing their total in China to 4,065 swap stations. They also opened 3 charging stations, so the total in China now sits at 5,250 charging stations with 30,272 chargers. NIO covers 86.56% of China with a total of 9,315 stations. They also have 61 swap stations in Europe, 64 chargers in Europe, and 1 swap station in the UAE. On to the next milestone.
$Tesla Motors(TSLA)$ TSLA trade recap. The premarket long setup had entry around $243.84, stop under the daily MTF support at $241.50, and clear MTF resistance around $245.50. Price respected the support and the 5/12 trend alignment, and momentum carried the move through $245 toward the next target near $246.50. Patience and sticking to the premarket plan were key to success.
$Tesla Motors(TSLA)$ The market seems to be shifting from deep red into green territory. Dow up 170 points, Nasdaq up 140 points right now. It's definitely a roller coaster. Could Tesla get back to $310 a share?
$Tesla Motors(TSLA)$ It's interesting to think about the potential impact if major trucking companies start replacing their aging fleets with Tesla Semis. The scale of that adoption could be significant.
Here's some more math on the situation. The company has only about 19.1 million shares outstanding. Approximately 6.7 million shares are officially short. That puts the official short float at around 35.7%. The days to cover is 10.6. Now here's the part I think some people are missing: if roughly 1 million shares get locked up this week by Russell, iShares, and other index-style holders, that means about 1 million fewer shares are actually trading freely. So the shorts aren't really up against 19 million easily available shares. They could be facing a much smaller real tradable float. This suggests that with fewer shares for shorts to access, the potential for a squeeze might be larger than some realize. $Tesla Motors(TSLA)$ had its hype cyc