Tesla’s share price has risen rapidly, with positive signals, big volume, and fewer bets against it.

• Tesla has surged 63% since April, reclaiming key moving averages and signaling a shift from bearish to bullish momentum.

• Technical indicators are turning positive, with a potential Golden Cross, rising MACD, and RSI still below overbought—suggesting more room to run.

• Volume and short interest trends support the rally, with a breakout on high volume and declining short positions hinting at growing investor confidence.

• Track the trade with confidence—use S3 Partners for real-time short interest and sentiment analytics to stay ahead of the next move.

Tesla has staged a strong recovery since hitting a YTD low of $214.25 on April 7, closing at $348.71 on June 23 — a +63% rally. This move is technically significant as TSLA has reclaimed key long-term moving averages:

- 50-day SMA: $305.18 - 100-day SMA: $301.33 - 200-day SMA: $310.62 The 50-day SMA is approaching a bullish crossover above the 200-day (Golden Cross setup), reinforcing the shift in market sentiment from bearish to bullish.

- MACD: Turning positive with the MACD line at +4.01, nearing a crossover above the signal line (+4.47) – a momentum confirmation signal. - RSI (14): 59.73 – not yet overbought (< 70), suggesting there is still upside potential.

TSLA 6-Month Technical Chart with SMAs, MACD, and RSI (Bloomberg)

The technical setup reflects a transition from a consolidation to an upward trend, supported by increasing volume and positive breadth.

The volume spike to 185M shares traded on the breakout on June 23rd , further indicates the institutional participation and conviction behind the move.

TSLA short interest has declined over the past week, which reflects a momentum strategy of short covering into strength, and a recent shift in sentiment among bearish speculators.

TSLA S3 Short Interest Profile (as of June 23, 2025)

TSLA Short Interest Data from S3 Black App

Final thought

Tesla’s breakout from recent lows is backed by strong technical factors —rising momentum and volume. Short sellers aren’t heavily positioned, which could allow the shares to climb further—unless macro or sentiment shifts, or the Musk factor bring shorts back to re-engage.

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The information herein (some of which has been obtained from third party sources without verification) is believed by S3 Partners, LLC (“S3 Partners”) to be reliable and accurate. Neither S3 Partners nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein or accepts liability arising from its use. Prior to making any decisions based on the information herein, you should determine, without reliance upon S3 Partners, the economic risks, and merits, as well as the legal, tax, accounting, and investment consequences, of such decisions.