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    Hedge Funds Lose Over $5 Billion Betting Against Tesla Amid Musk Trump Alliance

    Author AvatarBy Patrick Butler No Comments 5 Mins Read

    Hedge funds betting against Tesla Inc. have lost at least $5.2 billion since the 2024 U.S. election. Tesla’s stock soared as CEO Elon Musk’s alliance with President-elect Trump gained attention, causing many funds to reverse positions. As Tesla’s stock jumps 30%, short positions continue to shrink.

    Elon Musk’s Growing Support for Trump: The Wealthiest Person’s Political Influence and Impact on Tesla’s Stock

    According to Bloomberg calculations based on data provided by S3 Partners, hedge funds that had short positions against Tesla between election day and Friday’s closing, she suffered an on-paper damage of at least $5.2 billion.

    According to secondary

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    He is a distinguished financial analyst with a wealth of experience in the Forex and cryptocurrency markets. With a career spanning over 15 years, Patrick has honed a keen understanding of market dynamics, using both technical analysis and macroeconomic insights to forecast trends and identify opportunities. His work is characterized by a meticulous attention to detail and an ability to simplify complex concepts, making him a respected authority for both institutional investors and individual traders. Patrick’s analytical depth and pragmatic approach have earned him recognition as a trusted expert in the ever-evolving world of finance.

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