Teslas Musk, Greenlights Einhorn taunt each other on Twitter

Musk mocks hedge fund owner Einhorn over Tesla shorts

Musk mocks hedge fund owner Einhorn over Tesla shorts

Musk on Friday posted his response to Einhorn's note on Twitter. 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.

Einhorn's response came swiftly, as he challenged Musk to elaborate on "false allegations" made against the vehicle maker, and took him up on an offer to get more understanding about Tesla's bottom line. In German, the word for unicorn is einhorn.

"It is understandable that you wish to save face with your investors, given the losses you suffered from Tesla's successful third quarter", he wrote, "especially since you've had several down years in performance" at Greenlight Capital.

"Indirectly, please allow us to send you a petite reward of short shorts to let you by this advanced time", Musk acknowledged, signing off as "Treelon Musk".

Musk invited Einhorn to meet him and tour Tesla's facilities to learn about the company's progress. Musk accompanied the missive a reference to gifting Einhorn "short shorts".

In that same letter, Einhorn admitted that his short sell against Tesla had resulted in material losses in the third quarter. "They did come with some manufacturing defects".

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.

Einhorn acknowledged his hedge fund and Tesla had "some similarities and a few variations".

Musk provoked a Twitter storm past year after briefly smoking marijuana on a live web show with comedian Joe Rogan. "Nevertheless, a key contrast is that Greenlight's replace has generated precise profits for our investors since we started in 1996", Einhorn acknowledged.

During the period, Tesla improved its cash position, with the company exited Q3 with $5.3 billion in cash and cash equivalents on hands - its highest cash balance ever.

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

Last year, it compared Tesla to Lehman and earlier this year said the company appeared to be "on the brink" of failure.

"I judge facility visits could perhaps be fun (can we originate in Buffalo?)".

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