Tesla is still hedge funds’ favorite short after stock saw heavy losses in October

Hedge funds are loving the “Magnificent Seven,” as MarketWatch reported on Tuesday, but there is one notable exception: they still love to bet against Tesla Inc.

According to Goldman Sachs Group’s GS latest hedge fund trend report, Tesla TSLA remained the most popular short position as of Oct. 31, as the chart below shows. That is despite the stock having risen more than 90% year-to-date, according to FactSet data.

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