Hedge funds lost over $5.2 billion betting against Tesla since 2020, as its stock surged 30%.

Since the 2020 election, hedge funds betting against Tesla have lost over $5.2 billion as Tesla's stock rose nearly 30%, adding over $200 billion in market value. This contrasts with the broader electric vehicle sector, which declined over 12% this year. Many hedge funds have reversed their short positions on Tesla, reflecting a shift in market sentiment.

November 10, 2024
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