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

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.

Comments

greenskeeper carl nope-1004 Fri, 08/10/2018 - 10:56 Permalink

One thing is for certain, the shorts will be right eventually. But being early is the same as being wrong, I suppose. I don't fuck around with that stuff, so this is all just talk from me, but I wouldn't short any of these trendy companies right now. There are no market fundamentals anymore, so just because a company is trading at a patently absurd valuation, that doesn't mean it won't go even higher.

In reply to by nope-1004

asiya789 NidStyles Fri, 08/10/2018 - 13:04 Permalink

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In reply to by NidStyles

glenlloyd NidStyles Fri, 08/10/2018 - 19:26 Permalink

The Tesla fan bois never cease to amaze me.

For some reason they seem to want to believe that what Elon did was no big deal.

You cannot release market moving information via any type of media like this, especially if it was in fact a lie.

What about lying is everyone ok with here? Leftist tesla tards seem to think that lying is now the accepted norm!!

I just love how they make shit up ALL THE TIME!!!!!

In reply to by NidStyles

any_mouse NidStyles Fri, 08/10/2018 - 13:17 Permalink

Jews wrote history. The Royals and the Peers are Jews.

Call them by their true function, "Parasites".

Who created the notion of "royalty"?

How did one individual become elevated above other individuals?

The longest running lie.

Religion is immaterial to reality.

Check the elites out on genealogy sites. See how quickly maternal lineages are scrubbed. The paternal lineage is left out there.

In reply to by NidStyles

messystateofaffairs greenskeeper carl Fri, 08/10/2018 - 17:26 Permalink

Sounds like what was said about Amazon. You never know though, Tesla might wind up the worlds number one car company and shorters die of old age waiting for their bets to come in.

Why do you think there is this onslaught against Musk. They are scared shitless of him and need to shut him down before he gains traction, he is the only car company in the world built to be electric from the ground up and he has the smarts and balls to get the kinks out and take it mainstream. Stay tuned  ZH visionlessaries.

In reply to by greenskeeper carl

NVTRIC halcyon Fri, 08/10/2018 - 16:33 Permalink

Keep a list of these folks as they out themselves.  Then NEVER do ANY business with them, their families or their children 40 years in the future.  This is the true meaning of "starve the beast".  WE are the beast.  WE are the government.  You want change? Lead by example.  Focus on your own issues instead of virtue signaling everyone else's failures.

 

Like my mom, I often do not take my own advice.  It is a human flaw.  

In reply to by halcyon

FringeImaginigs BaBaBouy Fri, 08/10/2018 - 11:29 Permalink

You do realize that to make money you have to buy and sell. The only difference between a long investor and a short investor is the order they do them. It's not a question of love or hate the stock; it's only a question of valuation. And remember in a true capitalist market it is the interaction or buyers and sellers that determines short term price and eventually long term value. Neither Marx, Lenin, Miles, Smith, Chicago nor Austria imagined that emotion was the principal driver of the interactions.

In reply to by BaBaBouy

BarkingCat FringeImaginigs Fri, 08/10/2018 - 12:10 Permalink

Yeah, but selling something you do not own is an absurd concept. 

The whole thing about the shares being borrowed is as well.

They are usually "borrowed" from people who had no idea it was happening. 

These are shares owned by someone but held in street name.

As an owner,  if your shares are loaned out, you get fucked on dividend treatment too.

You don't get the dividend as that goes to the short holder. You get a payment from the short.

The problem is that this payment has a different tax treatment  (higher rate).

In reply to by FringeImaginigs