Elon Musk sent short-seller David Einhorn a “box of short shorts to comfort him” after the hedge fund manager blamed Tesla for its dismal l performance.
Einhorn, who manages the $5.5 billion Greenlight Capital firm, tweeted a photo of the shorts on Friday.
Tesla has had a wild week after Musk announced on Tuesday that he intends to take the company private.
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Elon Musk hasn’t been quiet about his disdain for short-sellers.
And now Tesla’s chief executive appears to have made good on his promise to send hedge fund manager David Einhorn a “box of short shorts to comfort him through his difficult time” after the billionaire blamed Tesla for his fund’s 18.3% decline in the first half of 2018.
“I want to thank @elonmusk for the short shorts,” Einhorn tweeted Friday morning, “He is a man of his word! They did come with some manufacturing defects. #tesla.”
Business Insider has confirmed that the unverified account is, in fact, the billionaire hedge fund manager.
Einhorn, a noted short-seller, told his Greenlight Capital clients in a July letter that he had abandoned his Tesla Model S reservation in favor of a Jaguar I-PACE electric sedan. He also blamed Tesla’s rising stock price in the first half of 2018 for his fund’s losses, which prompted the mocking tweet from Musk.
The short shorts’ appearance comes amid a wild week for Tesla, which was kicked off by a report that Saudi Arabia’s public investment fund had snapped up a roughly 3% stake in Tesla to the tune of around $2 billion. Just minutes later, Musk sent shockwaves through markets when he tweeted that he was “considering taking Tesla private” at $420 per share and that funding had been secured.
Shares of Tesla skyrocketed after the tweet, which …read more
Source:: Business Insider