Hedge funds betting against Tesla shares lost over $5.2 billion after Donald Trump's election, while the company’s market capitalization exceeded $1 trillion 🚀📉

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Hedge funds that bet against Tesla (NASDAQ: TSLA) shares suffered losses after Donald Trump's election victory. Since the election on November 5, the company’s shares have risen by 30%, increasing its market capitalization by over $200 billion to exceed $1 trillion.

The share of hedge funds with short positions against Tesla fell from 17% in July to 7% as of November 6. These funds have lost over $5.2 billion since the election. As of November 11, Tesla shares reached $321.22, with a market capitalization of $1.03 trillion.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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