Musk looking into launching a ‘drive-thru mode’ on Tesla

Cornelia Mascio
Novembre 9, 2019

The latest example of that arrived in a letter that Musk tweeted out to pointed out investor David Einhorn, of hedge fund Greenlight Funds.

Einhorn took his letter a step further on Friday, calling out Tesla for its volatile profitability over the last decade compared to Greenlight's history of positive returns.

"It is miles understandable that you draw shut to effect face with your investors, given the losses you suffered from Tesla's a hit third quarter, especially as a result of you'd additionally honest comprise had several down years in efficiency and a animated tumble in assets below management from $15 billion to $5 billion", Musk wrote.

"Please allow us to send you a small gift of short shorts to help you through this hard time", Musk wrote, invoking a jab he has used with Tesla short sellers, or investors who bet against a company's stock performance. "I might learn the difference between your alien dreadnought factory and cars made by hand in a tent".

His October 30 letter to shareholders rails against Musk's handling of the SolarCity takeover, which Tesla acquired for $2.6 billion in 2016.

In Musk's statement, he extends an invitation for Einhorn to meet with him to learn more about Tesla and to tour some facilities.

However, short sellers may be "burned" if the anticipated drop in share value never materialises. "They did come with some manufacturing defects". The hedge fund billionaire has been a fierce critic of Tesla's finances, and is one of a group of prominent short-sellers with whom Musk has routinely sparred.

Musk provoked a Twitter storm a year ago after briefly smoking marijuana on a live web show with comedian Joe Rogan. Einhorn's Greenlight Capital has long had a large short position in Tesla, meaning it loses money when Tesla's stock performs well.

Greenlight Capital first rose to prominence for making a prescient call on Lehman Brothers' accounting troubles earlier than the agency's crumple.

The chief executive of Germany's Siemens, Joe Kaeser, has taken to Twitter to complain that his fellow countrymen praise foreign pot smokers with their ideas about space travels as visionaries but fail to recognise the German company leader.

Investors in the previous comprise confirmed impatience with Tesla's mess ups to meet financial and production targets.

"I think facility visits would be fun (can we start in Buffalo?)".

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