Tesla’s U-Turn Stuns Hedgies

Shares of the company are now trading below their price after Election Day, a surprise to the 61 hedge funds that initiated positions in the fourth quarter.

Stephen Taub March 10, 2025

An electric car plugged in against a background of a rural location at sunset

Justin Paget/Getty Images

Hedge funds were hot to jump into Tesla’s stock after Donald Trump won the election. They figured Elon Musk’s involvement in the administration would be good for the stock. Never mind that Trump and most Republicans are anti alternative fuels and electric vehicles, Tesla’s main

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