Teslas Musk, Greenlights Einhorn taunt each other on Twitter

Elon Musk

Little is known about the auto to date, but Tesla promises to sell it under $50,000, which is not much at all for a premium-spec pickup truck, let alone one running on pure electric power. Einhorn's Greenlight Capital has long had a large short position in Tesla, meaning it loses money when Tesla's stock performs well.

Einhorn on October 30 had told his investors at Greenlight Capital that his fund had lost money on Tesla.

Einhorn responded with his own snide letter on Twitter, challenging the billionaire entrepreneur to prove one false statement, so that Greenlight could correct them.

The latest example of that arrived in a letter that Musk tweeted out to pointed out investor David Einhorn, of hedge fund Greenlight Funds. Musk said the hedge fund manager had made "numerous false allegations against Tesla", although he did not clarify which parts of Einhorn's letter he took issue with.

'It is understandable that you wish to save face with your investors, given the losses your suffered from Tesla's successful third quarter, ' Musk continued.

Musk, who has a history of being playful on Twitter, started an alternate by posting an open letter on Twitter addressing Einhorn as "Dear Mr. Unicorn (extra special establish btw)".

"Finally, please allow us to send you a small gift of short shorts to help you through this hard time", Musk joked.

However, short sellers may be "burned" if the anticipated drop in share value never materialises.

"I would like to prolong an open invitation to satisfy with me to focus on Tesla and tour our services", Musk said.

When Einhorn set out Greenlight's quarterly report, he stated that Tesla's effects has experienced a negative impact on Greenlight's returns, but he also took his individual shots at Musk, saying the Tesla boss "knowingly orchestrated a sizeable fraud" about Tesla's acquisition of photo voltaic-panel technological innovation corporation SolarCity. "If somebody just wants a truck that looks like trucks have looked for the last 20 years, 30 years, or 40 years, this probably isn't for them".

Investors in the past have shown impatience with Tesla's failures to meet financial and production targets.

He also referenced Tesla's "alien dreadnought factory" in a letter published on Twitter. The carmaker, however, put some concerns to rest after delivering a surprise profit in its third quarter.



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