Since the Republican presidential candidate Trump won the election, TSL's stock price has risen by nearly 30%, and the Market Cap has soared to over $200 billion. Against this background, the Hedging fund that insists on shorting TSL has lost $5 billion. The special relationship between Musk and Trump has caused huge damage to the short institutions. (Background: Trump wants Musk to establish the 'DOGE Government Efficiency Committee.' Can it really change the inefficient operation of the US government and save expenses?) (Background: Trump's full speech after announcing his election: I love Musk, he is a superstar born, making America great again) During the campaign of the Republican presidential candidate Trump, TSL CEO Musk vigorously campaigned and received Trump's promise to lead a new organization 'Efficiency Committee' after taking office. According to Bloomberg, based on S3 Partners data, it was found that from election day to last Friday's close, the Hedging funds holding TSL shorts have suffered losses of at least $5.2 billion. According to data from Hazeltree tracking the holdings of over 500 Hedging funds, in the past four months, many Hedging funds have liquidated their short positions on TSL, and this adjustment coincides with Musk's endorsement for Trump starting on July 13. Per Lekander, CEO of the Hedging fund management company Clean Energy Transition, revealed that he had a small short position on TSL before the election, and he has reduced his position significantly, indicating that his final loss will be 'relatively small,' but he admitted 'we lost some money.' Since the US presidential election on November 5th, TSL's stock price has risen by nearly 30%, and the Market Cap has soared to over $200 billion. In this context, the Hedging funds that previously shorted TSL hurriedly reversed their positions. According to weekly data provided by Hazeltree, as of November 6th, only 7% of Hedging funds were net short on TSL, a significant decrease from the 17% in early July. However, only 8% of Hedging funds were net long on TSL. Short TSL funds suffered heavy losses. Reports indicate that even though other electric vehicle industries are facing headwinds due to trade tensions, weak consumer demand, and intensified competition, TSL remains a difficult stock to short. In July of this year, nearly one-fifth of the Hedging funds tracked by Hazeltree established short positions on TSL, but with TSL's sales data triggering a big pump in stock price, they ultimately suffered significant losses. Meanwhile, according to the performance of the KraneShares Electric Vehicles and Future Mobility Index ETF, the electric vehicle sector has fallen by over 12% this year, and approximately 9% by 2023. In contrast, TSL has risen by about 30% in 2024, continuing to grow after doubling its stock price last year. Related reports: Musk shouts 'Dark MAGA assemble,' meme coin DMAGA sees a big pump of 160%, and Trump's Polymarket win rate soars above 86%. The death of internet celebrity squirrel Peanut supported by Musk has sparked a political movement in the United States, and meme coin Pnut's Market Cap once exceeded $100 million. Musk is sued for spreading $1 million a day as expected! Prosecutor sues: illegal lottery intervention in presidential election. 'Trump and Musk join forces to take down TSL bearish traders! Hedging funds suffer losses of over $5 billion' This article was first published on BlockTempo, the most influential blockchain news media in the dynamic trend of the Block.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Trump, Musk join forces to take down TSLA bearish traders! Hedging funds suffer a staggering loss of over 5 billion euros
Since the Republican presidential candidate Trump won the election, TSL's stock price has risen by nearly 30%, and the Market Cap has soared to over $200 billion. Against this background, the Hedging fund that insists on shorting TSL has lost $5 billion. The special relationship between Musk and Trump has caused huge damage to the short institutions. (Background: Trump wants Musk to establish the 'DOGE Government Efficiency Committee.' Can it really change the inefficient operation of the US government and save expenses?) (Background: Trump's full speech after announcing his election: I love Musk, he is a superstar born, making America great again) During the campaign of the Republican presidential candidate Trump, TSL CEO Musk vigorously campaigned and received Trump's promise to lead a new organization 'Efficiency Committee' after taking office. According to Bloomberg, based on S3 Partners data, it was found that from election day to last Friday's close, the Hedging funds holding TSL shorts have suffered losses of at least $5.2 billion. According to data from Hazeltree tracking the holdings of over 500 Hedging funds, in the past four months, many Hedging funds have liquidated their short positions on TSL, and this adjustment coincides with Musk's endorsement for Trump starting on July 13. Per Lekander, CEO of the Hedging fund management company Clean Energy Transition, revealed that he had a small short position on TSL before the election, and he has reduced his position significantly, indicating that his final loss will be 'relatively small,' but he admitted 'we lost some money.' Since the US presidential election on November 5th, TSL's stock price has risen by nearly 30%, and the Market Cap has soared to over $200 billion. In this context, the Hedging funds that previously shorted TSL hurriedly reversed their positions. According to weekly data provided by Hazeltree, as of November 6th, only 7% of Hedging funds were net short on TSL, a significant decrease from the 17% in early July. However, only 8% of Hedging funds were net long on TSL. Short TSL funds suffered heavy losses. Reports indicate that even though other electric vehicle industries are facing headwinds due to trade tensions, weak consumer demand, and intensified competition, TSL remains a difficult stock to short. In July of this year, nearly one-fifth of the Hedging funds tracked by Hazeltree established short positions on TSL, but with TSL's sales data triggering a big pump in stock price, they ultimately suffered significant losses. Meanwhile, according to the performance of the KraneShares Electric Vehicles and Future Mobility Index ETF, the electric vehicle sector has fallen by over 12% this year, and approximately 9% by 2023. In contrast, TSL has risen by about 30% in 2024, continuing to grow after doubling its stock price last year. Related reports: Musk shouts 'Dark MAGA assemble,' meme coin DMAGA sees a big pump of 160%, and Trump's Polymarket win rate soars above 86%. The death of internet celebrity squirrel Peanut supported by Musk has sparked a political movement in the United States, and meme coin Pnut's Market Cap once exceeded $100 million. Musk is sued for spreading $1 million a day as expected! Prosecutor sues: illegal lottery intervention in presidential election. 'Trump and Musk join forces to take down TSL bearish traders! Hedging funds suffer losses of over $5 billion' This article was first published on BlockTempo, the most influential blockchain news media in the dynamic trend of the Block.