On December 3, 2024, Tesla Inc. ($TSLA) saw significant activity among short sellers, with reports indicating that many are raising their price targets. Some traders noted that shorts are currently covering their positions, particularly around the $350 mark. As the stock price hovers near this level, analysts suggest that if $TSLA can maintain above $350, it may quickly rise, potentially reaching $425 or higher. The market dynamics appear to be shifting, with some investors transitioning from short positions to bullish stances on Tesla, especially as broader market conditions remain strong. Notably, the price action around the $350 strike has drawn attention, indicating a pivotal moment for the stock.