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Home / Business / & # 39; Can you be specific? & # 39; Elon Musk, David Einhorn saves on Tesla's finances

& # 39; Can you be specific? & # 39; Elon Musk, David Einhorn saves on Tesla's finances



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Billionaires Elon Musk and David Einhorn went to fight on Twitter about the investor's efforts against Tesla ( TSLA ), in which the latter responded to a fight by Musk on Friday over a recent jump in the company's shares that undermined the company's positions. "data-reactid =" 15 "> Billionaires Elon Musk and David Einhorn fought on Twitter over investor efforts against Tesla (TSLA), where the latter reacted to an argument made by Musk Friday over a recent jump in the company's stock that undermined the company's positions.

<p class = "canvas-atom canvas-text Mb (1

.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The war of words kicked off after that Einhorn's hedge fund, Greenlight Capital, revealed that it & nbsp; chopped down its short Tesla positions & nbsp; in the third quarter – prompting the CEO to mock Einhorn's aggressively bearish stance on his company. " data-reactid = "16"> The war of words kicked off after Einhorn's hedge fund, Greenlight Capital, revealed that it had cut losses on its short Tesla positions in the third quarter – prompting the CEO to mock Einhorn's aggressively bearish stance on his company.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Spotting Einhorn as" Mr. Unicorn, " Musk – a prolific Twitter user who has used the platform to take a victory lap after & nbsp; a record quarter of deliveries & nbsp; – made biting comments about Greenlight's investment record. The hedge fund billionaire has been a fierce critic of Tesla's economy, and is one of the & nbsp; group of prominent card sellers with whom Musk has routinely sparred. ”Data-reactid =" 17 "> Mocking Einhorn as" Mr. Unicorn, "Musk – a prolific Twitter user who has used the platform to take a victory lap after a record quarter deliveries – made biting remarks about Greenlight's investment record. a tough critic of Tesla's economy, and is one of a group of prominent short sellers with whom Musk has routinely sparred.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0 , 8 em) – sm "type =" text "content =" "It is understandable that you want to save face with your investors, given the losses you suffered from Tesla & nbsp; successful third quarter, & nbsp "Especially since you've had several years in performance and a sharp decline in managed assets from $ 15 to $ 5 billion," Musk said, expanding an "open invitation" to meet with Einhorn to learn more about the company. "data-reactid =" 18 ">" It is understandable that you want to save face with your investors, given the losses you suffered from Tesla's successful third quarter, especially since you have had several declining years in performance and a sharp decline in managed assets from $ 15 to $ 5 billion, ”said Musk and extended open invitation“ to meet Einhorn to learn more about the company.

SpaceX Chief Engineer Elon Musk talks to media in front of spaceship Crew Dragon about the progress of flying astronauts to and from the International Space Station, from the US land, as part of the agency's commercial rew program at SpaceX headquarters, in Hawthorne, California, Thursday, Oct. 10 r 2019. (AP Photo / Alex Gallardo)

"Let's finally give you a little gift with short shorts to help you through this difficult time," joked Musk.

Einhorn's response came swiftly as he challenged Musk to elaborate "false accusations" made against the carmaker, taking him into an offer to gain more understanding of Tesla's bottom

Einhorn defended his efforts against Tesla and struck back on Musk for "narrowly averting crisis after crisis" while outlining several questions about the car manufacturer's deliveries and claims. Einhorn said he would be open to learning more about the car company – and said he had "dozens of questions" about how it works.

Tesla's shares have been on a wild ride this year, as record quarter deliveries initially failed to reduce fears for the company's ability to make profits. Still, the company surprised Wall Street with a profit in Q3.

During the period, Tesla improved its cash position, leaving the company in the third quarter with $ 5.3 billion in cash and cash equivalents on hand – the highest cash balance ever. This was driven by a free cash flow of $ 371 million, giving rise to good for the company's upcoming $ 566 million debt maturity in outstanding convertible notes.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = " —Yahoo Finance Emily McCormick contributed to this article. "data-reactid =" 37 "> —Yahoo Finance Emily McCormick contributed to this article.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Javier David is editor of Yahoo Follow Javier on Twitter: & nbsp; @TeflonGeek "data-reactid =" 39 "> Javier David is the editor of Yahoo Finance. Follow Javier on Twitter: @TeflonGeek

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – -sm "type =" text "content =" Read more: "data-reactid =" 40 "> Read more:

<p class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Read the latest financial and business news from Yahoo Finance "data-reactid =" 46 "> Read the latest financial and business news from Yahoo Finance

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance at & nbsp; Twitter & nbsp; Facebook & nbsp; Instagram & nbsp; Flipboard [19659014] & nbsp; SmartNews & nbsp; [1 9459041] LinkedIn & YouTube and reddit . "data-reactid =" 47 "> Follow Yahoo Finance on Twitter Facebook [19659012] Instagram Flipboard SmartNews Link YouTube and reddit .


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