Investors may be losing faith in both Elon Musk and Tesla stock
Share prices may be going up right now but short interest isn't going down.
Despite some slight momentum over the past week, Tesla (TSLA) stock remains in the red for the past five days. Even after shares rose today, the struggling company isn’t giving investors more cause for optimism that a turnaround is coming.
That’s partially because CEO Elon Musk still seems focused on everything except his companies. His work with the so-called Department of Government Efficiency is clearly occupying most of his time while Tesla sales decline across Europe and volatility continues to push shares down.
