Tesla Short Fund Loses More than $5 Billion
Hedge funds that insist on shorting Tesla have lost billions of dollars since Trump won the US election, feeling the effects of the special relationship between the president-elect and Elon Musk. Calculations based on data compiled by S3 Partners show that hedge funds that shorted Tesla between Election Day and Friday's close lost at least $5.2 billion in paper. Since the election, Tesla's stock price has risen nearly 30% and its market value has increased by more than $200 billion. In about 12 to 18 months, the Trump administration will "eliminate many subsidies" received by Tesla.