"Please allow us to send you a small gift of short shorts to help you through this hard time", Musk wrote, invoking a jab he has used with Tesla short sellers, or investors who bet against a company's stock performance.
Musk's tweet, posted early Friday, was a response to comments Einhorn made in a shareholder letter last week, in which he accused Tesla founder Musk of fraud and claimed the "accepted reality appears to be that Elon Musk is above the law".
"It is easy to understand that you want to save facial area with your investors, presented the losses you experienced from Tesla's thriving 3rd quarter", Musk mentioned. "Especially because you have experienced quite a few down decades in effectiveness and a sharp fall in belongings beneath administration from $15 billion to $five billion".
'Please allow us to send you a small gift of short shorts to help you through this hard time'. The plan is for the investor to buy their own shares in the firm in question once the price has dropped.
Elon Musk is fighting with short sellers again.
This has led to bans on the practice in the past, particularly during times of economic downturn.
Musk previously sent Einhorn a box of short shorts, and is known to use the jibe against Tesla short sellers. A quick place is when an trader is, in influence, betting on a stock to go down, and then make cash off of that decline.
Musk invited Einhorn to meet him and tour Tesla's facilities to learn about the company's progress.
Einhorn responded with his own snide letter on Twitter, challenging the billionaire entrepreneur to prove one false statement, so that Greenlight could correct them. "I could perhaps be taught the variation between your alien dreadnought factory and cars made by hand in a tent". He said he added a new small long position in Siltronic AG in the third quarter, during which the hedge fund gained 5.6%.
Over the past two years, Tesla's electric vehicle business has been beleaguered with manufacturing problems related to its rollout of the new Model 3 sedan. "Nevertheless, a key contrast is that Greenlight's replace has generated precise profits for our investors since we started in 1996", Einhorn acknowledged.
Greenlight Capital first rose to prominence for making a prescient call on Lehman Brothers' accounting troubles before the firm's collapse.
The company leases the facility from a state-affiliated nonprofit that wrote down the value of the factory past year by $883.8 million, according to an auditor's filing submitted in September.
Einhorn continued: "We welcome your offer to learn more about Tesla and will take you up on it".
Some of New York-based Greenlight's short wagers, including Tesla Inc. and Netflix Inc., may have contributed to losses as they rallied in the month.
Investors in the previous comprise confirmed impatience with Tesla's mess ups to meet financial and production targets.