Hedge funds short selling Tesla stock face a unrealized loss of $5.2 billion in response to the presidential election.

US electric vehicle (EV) maker,TeslaHedge funds that have been betting on the stock price decline suffered significant losses after Donald Trump's victory in the U.S. presidential election. The special relationship between the incoming president and the CEO of the company, Elon Musk, had an impact.
　　S3 PartnersAccording to calculations by Bloomberg based on aggregated data, hedge funds holding short positions on Tesla from the voting day on the 5th to the closing on the 8th incurred at least $5.2 billion (about 790 billion yen) in unrealized losses.
Tracking the positions of around 500 hedge funds.HazeltreeAccording to another data, the short selling faction was decreasing. Many hedge funds unwound these bets over the past four months. The position adjustments coincided with Mr. Musk's expression of support for Mr. Trump on July 13.
Mr. Musk emerged as one of the biggest supporters of Mr. Trump as a wealthy individual. Using his position as one of the wealthiest people in the world to support Mr. Trump's election campaign, he became one of the largest contributors in this election. By clearly showing the attitude of rewarding loyal supporters and aligning with the next president, Musk is moving towards holding political influence.one of the largest contributorsForming an alliance with the future president, who has clearly shown a attitude to reward loyal supporters, Musk is moving in a direction where he holds political influence.