Tesla Surpasses Apple and Nvidia in Short Interest, Highlighting Market Influence

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Tesla,Apple,Nvidia

Tesla's growing market influence is highlighted by a recent surge in short interest, surpassing both Apple and Nvidia. S3 Partners, a firm specializing in tracking Wall Street short interest, notes that Tesla's share price volatility has increased to 4.5% daily, compared to Nvidia's 3% to 4% and Apple's 1%. All three stocks are engaged in a competition for the highest dollar value of shares sold short.

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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