Following Tesla's impressive Q2 2024 vehicle delivery and production report, the company saw a surge in its shares, gaining a staggering $150 billion in valuation in just three days. This momentum left Tesla shorts, including hedge funds, reeling as they had bet against the electric vehicle maker prior to the report's release. About 18% of hedge funds tracked by data provider Hazeltree held a short position in Tesla by the end of Q2 2024, the highest percentage in over a year. This led to short sellers losing an estimated $3.5 billion as Tesla shares climbed 17% after beating Wall Street estimates. With Elon Musk responding to the news of the hedge funds' losses on social media, it is evident that Tesla continues to attract significant attention from short-sellers despite recent challenges the company has faced. Tesla's upcoming Q2 2024 earnings call on July 23, 2024, is highly anticipated for further insights into the company's performance.