Tesla short-sellers lost $7.8 billion after a 38% post-election surge in shares of the EV maker. Tesla was a popular "Trump trade" and is seen as a beneficiary of a second Trump term. Tesla is the third largest short in the stock market, with $25.6 billion in short interest.

A PART OF Donald Trump’s political genius is being all things to all people—or at least to all of his supporters. He has said so many contradictory things, throughout his public life and during the presidential campaign,

Hedge funds that had short positions on Tesla between Election Day and Friday’s close suffered an on-paper hit of at least $5.2 billion, according to Bloomberg calculations based on data compiled