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Friday, October 5, 2018

Einhorn on Tesla: 'Like Lehman, we think the deception is about to catch up'

Hedge fund manager David Einhorn is blasting Tesla again.

"Like Lehman, we think the deception is about to catch up to TSLA," Einhorn said in an investor letter Friday.

Shares of Tesla, which were already down Friday in light of CEO Elon Musk's tweets mocking the Securities and Exchange Commission, dropped 6 percent following news of Einhorn's letter.

Musk has taunted short sellers in the past on social media, including Einhorn.

Tesla did not immediately respond to a request for comment.

This is a developing story. Check back for updates.

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