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Electric vehicle stocks are surging this year amid a rise in demand

Hedge Funds

Hedge Funds Correspondent

The stock surge of electric vehicle manufacturers Tesla, Rivian and XPeng has triggered a fallout of some $8bn for short-sellers.

Between 1 June and 6 July, Tesla short-sellers lost almost $7.6bn as their bets against the world’s largest electric vehicle manufacturer went wrong, according to financial analytics provider ORTEX.

Tesla, Rivian stock surge hits short-sellers with $8bn in losses

Bilal Jafar

XPeng

Tesla

Li Auto

Nikola

Americas

California

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United States

Autos

Business

Electric Vehicles

Sustainable Vehicles

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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