Tesla short-sellers lost $7.8 billion after a 38% post-election surge in shares of the EV maker. Tesla was a popular "Trump trade" and is seen as a beneficiary of a second Trump term. Tesla is the third largest short in the stock market, with $25.6 billion in short interest.

Investors betting against Trump Media & Technology Group have lost $420 million since the stock began tracking the election odds of Donald Trump, according to a report released on Wednesday by financial analytics firm S3 Partners.

Threads and Bluesky, rival social networks that look a lot like Elon Musk’s X, have seen an influx of new users since election night in the US as people seek alternatives to Musk’s more right-leaning platform following Donald Trump’s presidential victory.

Elon Musk may have helped Donald Trump win the U.S. presidential election — but one of his companies is facing post-election losses.

Hundreds of thousands of people have signed up for a rival social media platform after Elon Musk’s X helped propel Donald Trump to a second term in the White House. In the week since the election, more than 700,