Hedge funds shorting Tesla lose billions after Trump win

Since Trump's election win, hedge funds betting against Tesla have lost over $5.2 billion. Many reversed their positions as Tesla's value surged, fueled by Elon Musk's public support for Trump. Musk, one of Trump's biggest donors, could gain political influence as Trump plans to reward loyalists. Meanwhile, Tesla has defied the broader electric vehicle sector's downturn, marking a sharp contrast to the faltering green energy industry.

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By Ishika Mookerjee

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