Tesla Shorts Under Pressure as Q2 Deliveries Surpass Expectations: Tariff Wars and Political Factors Shake Up EV Market

Benzinga
Benzinga
  • 13 days ago
At the end of June, about 18% of hedge funds tracked by Hazeltree had a short position on Tesla, up from just under 15% in March. These bets face potential losses as Tesla's second-quarter vehicle deliveries beat analyst estimates, boosting shares by 40% since early June. Analysts predict Tesla's profit margins will improve due to lower production costs, and the company may return to profit growth next year. The EV market is facing uncertainties due to tariff wars, political factors, potential policy changes under a re-elected Donald Trump, and internal challenges at Tesla including job cuts and slow Cybertruck production. Some hedge fund managers find it challenging to position Tesla, citing uncertainties in its corporate governance and market position.

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