Hedge funds shorting Tesla post US$5bil losses

Quick Summary:

NEW YORK: Since Donald Trump’s election win, the hedge funds clinging on to bets against Tesla Inc have lost billions of dollars, as they feel the fallout of the special relationship between the President-elect and Elon Musk.

Notwithstanding the connection between the President-elect and Musk, “Trump’s win is very negative for Tesla as an auto company”, Lekander said.

Lekander said that in a little over a year from now, he expects even Tesla will feel the sting of Trump’s anti-climate policies.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Bets Short Funds Hedge Positions Tesla Musk Trump’s Election Year Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 703 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23534151

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 42 posts per day

Year Established: 1971

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News Last Updated: 6 hours ago

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