Tuesday , January 22 2019
Home / Zerohedge / Einhorn Thanks Musk, Tweets Photo Of Shorts Sent By Tesla CEO

Einhorn Thanks Musk, Tweets Photo Of Shorts Sent By Tesla CEO

Summary:
While the Tesla board is desperately looking for the term sheet that Elon Musk allegedly held in his hand when he tweeted that "funding was secured" for his proposal to take Tesla private, Greenlight's David Einhorn had no problem finding in the mail the short shorts that Elon Musk promised him after reading Einhorn's Q2 ...

Topics:
Tyler Durden considers the following as important:

This could be interesting, too:

Tyler Durden writes Feds Prepare To Bail Out “Vast Majority” Of 90,000 Sears Pensions

Tyler Durden writes Kunstler: America’s “All Is Lost” Moment Looms

Tyler Durden writes Demographic Catastrophe: China’s Birth Rate Falls To Historic Low

Tyler Durden writes GMO Warns “…Own As Little US Equity As Your Career Risk Allows”

While the Tesla board is desperately looking for the term sheet that Elon Musk allegedly held in his hand when he tweeted that "funding was secured" for his proposal to take Tesla private, Greenlight's David Einhorn had no problem finding in the mail the short shorts that Elon Musk promised him after reading Einhorn's Q2 letter to investors, in which he laid out a lengthy section why he was still shorting the electric automaker, and said that he was ending his Model S lease.

"I want to thank @elonmusk for the shorts. He is a man of his word!" Einhorn tweeted at a time when his hedge fund is suffering from historic losses, largely thanks to Tesla's recent spike (Einhorn is short), although the Greenlight founder did have a few extra characters to make fund of the Model 3's shoddy manufacturing process: "They did come with some manufacturing defects. #tesla"

Now if only Elon would be so kind to similarly ship a copy of his MBO commitment letter which he certainly received from potential investors (as the alternative would be stock manipulation) to both the SEC and his Board of Directors, and everyone will be happy.

As usual, the responses to the tweet were worth at least one non-refundable Model 3 deposit.

Tyler Durden
Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit. Visit his blog: ZeroHedge (http://www.zerohedge.com/)

Leave a Reply

Your email address will not be published. Required fields are marked *