PANews reported on November 11 that hedge funds that have been shorting Tesla have lost billions of dollars since Trump won the US election, and Musk's special relationship with the president-elect has hit them. Calculations based on data compiled by S3 Partners found that from election day to the close of last Friday, hedge funds holding Tesla short positions had book losses of at least $5.2 billion.
Hedge funds shorting Tesla have lost more than $5 billion since Trump won the US election
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PA Daily | Trump nominates hedge fund executive Scott Bessent as Treasury Secretary; Magic Eden (ME token) TGE will be held on December 10
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Trump considers Kevin Warsh, Scott Bessent for key economic posts