Reported 14 days ago
Hedge funds that shorted Tesla Inc. have incurred significant losses exceeding $5.2 billion since the recent election. Their financial woes coincide with Elon Musk’s strong support for Donald Trump, which has catalyzed a rally in Tesla's stock price, increasing its market value by over $200 billion. The number of hedge funds betting against Tesla has decreased sharply, highlighting its hazardous nature as a short. Despite this connection to Trump, analysts predict potential negative impacts on Tesla from future anti-climate policies.
Source: YAHOO