Tesla Short Volume Ratio Hits Two-Week High of 54.73 Ahead of SpaceX IPO

On June 11, Tesla shares faced renewed bearish pressure after the short volume ratio surged to a two-week peak of 54.73 on June 10, marking the third straight session above 50. The spike coincides with the June 12 SpaceX IPO, which is drawing capital and attention away from TSLA toward Elon Musk’s other venture. Meanwhile, on June 10 the YieldMax Short TSLA ETF (CRSR) declared a weekly distribution of $0.2090, lifting its annualized rate to 51.56% even as TSLA itself trades 10.94% lower on the month.