Hedge funds shorting Tesla lost more than $5B after Trump win: report
Tesla(TSLA) New York Post·2024-11-12 05:00
Hedge funds betting against Elon Musk’s Tesla have lost billions of dollars after Donald Trump’s White House win last week, according to a report.Investment firms with short positions on the electric car maker’s stock between Election Day and Friday’s close suffered an on-paper hit of at least $5.2 billion, according to Bloomberg calculations based on data compiled by S3 Partners.Many funds had unwound bets against Tesla over the past four months, despite challenges for electric vehicle makers like tariffs, ...