Tesla's Growing Market Influence Surpasses Nvidia and Apple

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Tesla's Growing Market Influence Surpasses Nvidia and Apple
Tesla,Nvidia,Apple

Tesla's increasing short interest and stock volatility highlight its growing influence, surpassing both Nvidia and Apple in recent months. S3 Partners, a firm tracking Wall Street short interest, notes that Tesla's daily share movements now range from 4.5% compared to its previous volatility of 3% to 4%. Nvidia typically fluctuates 3% to 4% daily, while Apple only moves around 1%. All three companies are vying for the highest dollar value of shares sold short, with Tesla recently overtaking Apple.

The recent increase in the notional value of the short interest in Tesla stock, together with the heightened volatility in the electrical vehicle maker's shares, 'underscores its growing market influence, surpassing both Nvidia and Apple in recent months,' according to S3 Partners, a researcher that specializes in tracking Wall Street short interest. In a typical day, Tesla shares now move up or down in a range of 4.5% compared with its prior volatility of 3% to 4%.

has been in third place since mid-year but has now surpassed AAPL,' according to the researcher. mountain 2024-11-04 Tesla shares since the presidential election. — Scott Schnipper

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Tesla's Market Influence Surpasses Nvidia and AppleTesla's Market Influence Surpasses Nvidia and AppleTesla's stock volatility and short interest highlight its growing market influence, surpassing both Nvidia and Apple recently.
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