Hedge funds shorting Tesla have lost over $5 billion since Trump's election

ChainCatcher news, according to Jinshi reports, since Trump won the U.S. election, hedge funds that have insisted on shorting Tesla have lost billions of dollars, and Musk's special relationship with Trump has impacted them.

Calculations based on data compiled by S3 Partners show that from election day to last Friday's close, hedge funds holding short positions in Tesla have incurred paper losses of at least $5.2 billion.