If anyone knows anything about Elon Musk, it’s that he loves to use Twitter to tell the world his thoughts on just about anything.
And sometimes, that even includes goading those that Musk might call his rivals, or even his enemies.
The latest example of that came in a letter that Musk tweeted out to noted investor David Einhorn, of hedge fund Greenlight Capital. Einhorn is a longtime critic of Tesla, and holds a short position on Tesla’s stock. A short position is when an investor is, in effect, betting on a stock to go down, and then make money off of that decline.
Musk addressed Einhorn as “Mr. Unicorn”, and went on to chide Einhorn for what Musk called “numerous false allegations” against Tesla that Greenlight made in its most-recent letter to its investors.
— Elon Musk (@elonmusk) November 8, 2019
“It is understandable that you want to save face with your investors, given the losses you suffered from Tesla’s successful third quarter,” Musk said. “Especially since you’ve had several down years in performance and a sharp drop in assets under management from $15 billion to $5 billion.”
On Oct. 23, Tesla reported better-than-expected third quarter results, with a profit, excluding one-time items, of $1.86 a share, on revenue of $6.3 billion. Wall Street analysts had expected Tesla to post a loss of 42 cents a share, on $6.33 billion in sales. Since Tesla’s results came out, the company’s stock has risen by more than 31%, to $334.21 Friday.
Musk threw salt into the wound by telling Einhorn, “You have our sympathies.”
When Einhorn put out Greenlight’s quarterly report, he said that Tesla’s results has had a negative impact on Greenlight’s returns, but he also took his own shots at Musk, saying the Tesla boss “knowingly orchestrated a significant fraud” around Tesla’s acquisition of solar-panel technology company SolarCity. Einhorn also said Musk “continued to spin positive PR ahead of the safety and fair treatment of its customers.”
Despite Einhorn’s comments, and Musk’s feelings toward his adversary, Musk tried to be somewhat magnanimous about the situation, and said he would gladly show Einhorn what’s really going on at Tesla.
“I would like to extend an open invitation to meet with me to discuss Tesla and tour our facilities,” Musk said. “For their sake, I’m certain your investors would appreciate you getting smart on Tesla.”
Neither Tesla, nor Greenlight, immediately responded to a request for further comment.