Hedge Funds Face Losses After Tesla's Unexpected Stock Surge

Short positions on Tesla backfire as the company's strong delivery numbers drive shares to a six-month high.

Around 18% of tracked hedge funds had short positions on Tesla by the end of June, up from 15% in March.
Tesla's second-quarter delivery figures exceeded analyst estimates, causing a 40% rise in share price since early June.
Analysts predict Tesla will see profit growth next year, aided by lower production and raw material costs.
The EV market faces uncertainty due to political dynamics, tariff wars, and fluctuating raw material prices.
Investors are cautious about the EV sector, with some predicting further bankruptcies among smaller startups.