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Musk mocks hedge fund owner Einhorn over Tesla shorts


(Reuters) - Tesla Inc ( TSLA.O ) Chief Executive Officer Elon Musk took to Twitter on Friday to taunt short-seller David Einhorn in an open letter after the hedge fund owner wrote to clients about losing money on his short position in the Silicon Valley car maker.


FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019.


A copy of the letter posted by the Zerohedge here blog and dated Oct. 30, quoted Einhorn as saying that his Greenlight Capital fund made material losses on Tesla in the second quarter.


Greenlight Capital first rose to prominence for making a prescient call on Lehman Brothers’ accounting troubles before the firm’s collapse.


“It is understandable that you wish to save face with your investors, given the losses you suffered from Tesla’s successful third quarter, especially since you’ve had several down years in performance and a sharp drop in assets under management from $15 billion to $5 billion,” Musk wrote.


Musk invited Einhorn to meet him and tour Tesla’s facilities to learn about the company’s progress.






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