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Offbeat Elon Musk trolls billionaire betting against Tesla: 'Will send Einhorn a box of short shorts'

15:40  01 august  2018
15:40  01 august  2018 Source:   cnbc.com

Not even Elon Musk thinks he can fix MoviePass

  Not even Elon Musk thinks he can fix MoviePass Tesla and SpaceX CEO Elon Musk jumped into a short exchange on Twitter Tuesday night after a user asked if he could fox the ailing movie-ticket app, MoviePassElon Musk, the billionaire CEO of Tesla, SpaceX and the face of several other burgeoning Silicon Valley enterprises, has a demonstrated penchant for solving problems.

Elon Musk trolls billionaire betting against Tesla : ' Will send Einhorn a box of short shorts '. " Will send Einhorn a box of short shorts to comfort him through this difficult time," Musk said in a tweet.

Will send Einhorn a box of short shorts to comfort him through this difficult time. — Elon Musk (@ elonmusk ) August 1, 2018. Einhorn may be inclined to pass on another Tesla , but he isn’t ready to swear off electric vehicles entirely.

Elon Musk, co-founder and chief executive officer of Tesla Inc. © Provided by CNBC Elon Musk, co-founder and chief executive officer of Tesla Inc. David Einhorn's hedge fund Greenlight Capital reported Tuesday that the firm's bet against Tesla shares "was our second biggest loser" in the most recent quarter. The billionaire also said in the Greenlight letter he was "happy that his Model S lease ended" and was replacing the car because of problems with the technology.

Tesla CEO Elon Musk seized the opportunity on Twitter, retorting that he would send Einhorn "a box of short shorts to comfort him through this difficult time."

"Tragic," Musk said in a tweet.]

Greenlight lost 5.4 percent in the second quarter, bringing the performance of its funds to a year-to-date loss of 18.3 percent, according to a letter obtained by CNBC on Tuesday. In the letter, Einhorn questioned Tesla investors, saying shareholders seemed to be backing the long-term growth of the company while Tesla appears to be focusing on "very short-term goals."

Tesla reports a wider quarterly loss than expected

  Tesla reports a wider quarterly loss than expected Tesla on Wednesday reported a wider second-quarter loss than analysts had expected.The company reported an adjusted loss per share of $3.06 (-$2.90 expected), while revenues topped estimates at $4 billion ($3.97 billion forecast).

After explaining his reasoning behind cutting off Wall Street analysts during Tesla ’s earnings in a series of tweets this morning, Tesla CEO Elon Musk issued a strong warning to people betting against the automaker. Musk said that a “ short burn of the century” is “coming soon.”.

Elon Musk Ретвитнул(а) Tesla . Worth another retweet. He left due to relentless attacks from short -sellers, who constantly peddle fear, uncertainty & doubt about Tesla .

"We wonder whether surge production techniques to support self-congratulatory tweets are economically efficient ways of ramping production, or whether customers will be happy with the quality of a car rush through production to prove a point to short sellers," the letter said.

"The most striking feature of the quarter is the Elon Musk appears erratic and desperate," Einhorn's letter added.

Musk has been active on Twitter this year, fighting back against investors betting against his stock and other detractors, often with controversial comments. This time he took a lighter tone.

Elon Musk's tweet draws Tesla investor lawsuit over share price swings .
Elon Musk and Tesla Inc. were sued for manipulating share prices with the chief executive officer’s bombshell tweet that he was thinking about taking the company private and that funding was secure. Musk lied about funding so he could push shares higher and ambush short sellers betting against the company, according to the shareholder complaint, which was filed Friday as a securities-fraud class action in federal court in San Francisco.Musk set off a firestorm with the 53-character post Aug. 7 on Twitter: “Am considering taking Tesla private at $420. Funding Secured.” The stock initially shot up 11 percent to almost $380.

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