On November 11th, it was reported that hedge funds that have consistently shorted Tesla since Trump won the US election have lost billions of dollars. According to the data compiled by S3 Partners, hedge funds holding short positions in Tesla had a book loss of at least $5.2 billion from election day until the close of last Friday. According to data provided by Hazeltree tracking the holdings of over 500 hedge funds, many hedge funds have released their short bets on Tesla in the past four months. This position adjustment coincides with Musk's endorsement of Trump on July 13th. It is reported that according to weekly data provided by Hazeltree, as of November 6th, only 7% of hedge funds were net short sellers of Tesla, down from 17% at the beginning of July. (Bloomberg)