(Reuters) – Tesla Inc. (TSLA.(O) the Chief Executive Officer, Elon Musk, and a noted short-seller David Einhorn, mock each other, in open letters, posted on Twitter on Friday, trading barbs dressed up in polite language.
FILE PHOTO: a SpaceX owner and Tesla CEO Elon Musk speaks during an interview with the legendary game designer, Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, USA, 13 June, 2019 at the latest. REUTERS/Mike Blake/File Photo
Einhorn, on Jan. 30, had told investors in Greenlight Capital and his fund had lost money in Tesla. Greenlight’s bet against the electric car manufacturer, and stocks rose in the second quarter of the year.
Still, he told investors that Tesla is “appears to continue to run a positive PR ahead of the safety and the fair treatment of our customers.”
Musk, who has a history of playful on Twitter, and started the exchange by posting an open letter on Twitter to address Einhorn as “sir Unicorn (beautiful name, btw)”. Einhorn means unicorn in German.
Musk further added that Einhorn made out of a large number of “false accusations” against a Model, and offered “sympathy” for the drop in assets under management.
“It’s understandable that you want to save in the face of investors, in view of the losses that you have suffered from his successful third-quarter results, especially since you’ve had a few down years in terms of performance, and a sharp decline in the assets under management of $15 billion up to $5 billion,” Musk wrote.
Einhorn has responded with an open letter on Twitter, asking the billionaire entrepreneur, more specifically with false representations, so that the green light was correct.
“Because we are constantly changing with the narrative, and in narrowly averting a crisis after a crisis, you should be sure to have it interesting,” said Einhorn.
Einhorn said his hedge fund, and the Model had a number of similarities and a few differences”.
“We have both struggled with last year. However, an important difference is that the Energy business has generated real income for our investors since we began in 1996,” said Einhorn.
Greenlight Capital first rose to prominence for the creation of a vision to call on Lehman Brothers’ accounting troubles before the firm’s account.
Last year, in comparison to Tesla, to Lehman brothers, and earlier this year, said the company appeared to be “on the brink” of failure.
Notice to investors in the past, lost patience with his failure to comply with the financial and production goals. The automaker, however, to put any concerns to rest after delivering a surprise profit in the third quarter of the year.
Musk was invited Einhorn to meet with him and a tour of Tesla’s facilities in order to learn about the progress of the company.
David Einhorn,ÊPresident, Greenlight Capital, Inc. speaking during 2019 at the latest Sohn Investment Conference in New York City, USA, May 6, 2019. REUTERS/Brendan McDermid
“Finally, please allow us to send you a little gift, from short-shorts to help you through this difficult time,” Musk said, signing off as “Treelon of Musk.”
Einhorn approached with the offer to find out more about Tesla.
“I think a visit to the facilities would be nice (can we start in Buffalo?). I might be able to learn from the difference you can make in a stranger to carry the factory and the cars are made by hand in a big tent.”
Reporting by Neha Malara and Akanksha Rana, Bengaluru; Editing by Maju Samuel and Mark Kuber