Tesla Is Set to Break Above Its 200-Day Moving Average

Tesla Is Set to Break Above Its 200-Day Moving Average

Tesla shares moved higher in early trading Tuesday amid reports that CEO Elon Musk has landed in China with plans to meet with a host of high-level officials in Beijing. With 95,010,000 shares of TSLA still sold short according to the last report on www.shortsqueeze.com, things could get "interesting" today. In this daily bar chart of TSLA, below, I can see that the shares made a strong rally on Friday and quotes in the pre-market Tuesday put prices around $198.