17.6% of hedge funds are now shorting Tesla, $TSLA, the highest share in over a year.
This is up from 13.9% recorded three months ago, according to Hazeltree which tracks over 500 funds.
Last week, Tesla's short sellers lost $3.5 billion in just 2 days the company beat expectations for Q2 2024 vehicle deliveries.
Since the April 2024 low, the stock is up almost 80% and added ~$350 billion in market cap.
It is now up 1% year-to-date after initially falling 42% in the first 4 months.
Incredible turnaround.
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