(Bloomberg) -- Short seller David Einhorn continued his spat with Elon Musk’s Tesla Inc. on Friday, saying on social media that he was “beginning to wonder whether your accounts receivable exist.”
Einhorn’s hedge fund Greenlight Capital has lost money in recent months on its bet against Tesla shares, which have surged 50% since June 30. After reporting a surprise quarterly profit last month, Musk took a public victory lap by goading one of his most vocal skeptics on Twitter and inviting him to meet.
Earlier this month, Musk taunted Einhorn after reading Greenlight Capital’s third-quarter investor letter that was critical of the carmaker.
“It is understandable that you wish to save face with your investors, given the losses you suffered from Tesla’s successful third quarter,” Musk wrote. “You have our sympathies.”
In August, Einhorn called on Musk to resign after Business Insider reported on “Project Titan,” a Tesla effort to inspect all roofs that had solar panels and potentially faulty connectors.
Einhorn said on a Nov. 7 conference call that Greenlight remained short on Tesla, even though the position hurt its performance during the period. He added that he’d been surprised by the stock’s resilience, given “relentless negative news and what appears to be an end of the company’s growth trajectory,” according to a transcript.
To contact the reporter on this story: Sam Mamudi in New York at smamudi@bloomberg.net
To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net
©2019 Bloomberg L.P.
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