Tesla stock rallied over 5% on Monday after a Morgan Stanley (MS.N) note suggested the automaker's Dojo supercomputer could bolster Tesla's market value.
Hazeltree, which tracks 12,000 equities globally, said the second and third most shorted stocks last month were Charter Communications (CHTR.O) and Apple (AAPL.O) respectively.
Those included investors with funds taking long and short positions in stocks: Diamond Hill, Leuthold Funds and Forum Funds.
"Taking out a short position against Tesla, as Gates did, results in the highest return only if a company goes bankrupt!"
Hedge funds were net short consumer discretionary stocks, which would include Tesla, for the year ending Sept. 8, according to the Goldman note.
Persons:
Mike Blake, Hazeltree, Morgan Stanley, Tesla, Blackstone, Federated Hermes, Elon Musk, Bill Gates, Musk, Walter Isaacson, Gates, Goldman Sachs, Goldman, I've, Dan Izzo, Nell Mackenzie, Dhara Ranasinghe, Kevin Liffey
Organizations:
REUTERS, automaker's, Charter Communications, Apple, Securities and Exchange Commission, Funds, Capital Management, Federated, Microsoft, Thomson
Locations:
Mojave , California, U.S