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3 Reasons Tesla Could Short Squeeze Past $100

The third reason: The stock is soaring and could see $100 soon is because of the amount of shorts in the stock. The more traders that bet against it, the more will have to cover their position to close out their loss and this will drive the stock higher. As of today the stock has a 44% short interest according to Yahoo Finance.


Tesla overall is going up: that is what the data tell us for now. Until it stops going up I wouldn't bet against this stock. Beware also of chasing the stock.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Trader Ben Brinneman, featured on MarketWatch, Bloomberg and Reuters, resides in Charlotte, NC and is the owner of C Squared Trading. Ben Brinneman started his career trading bonds for U.S. Bancorp and was an analyst for a wealth management firm. He was mentored by some master traders on the stock market and how to profit week in and week out. After assembling custom trading plans for other traders and friends, it was at that point he decided to create C Squared Trading, and teach other retail traders and investors the methods that had brought him success trading in the stock market.

Brinneman and his team have taught hundreds in a one-on-one mentorship setting via Skype or live in Charlotte. C Squared Trading's mentorship programs are built for those that are serious about learning how to maximize their trading by learning from an expert trader in a live setting.

You can also follow some of their free trades and tips on Twitter. Please visit C Squared Trading for more information on its mentoring program.

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