Einhorn has 48,000 followers on Twitter and his message hit a nerve after Musk on Wednesday overshadowed his company’s strong first quarter results with comments about stay-at-home restrictions aimed at curbing the spread of the coronavirus. Musk called for an end to California’s stay-at-home orders, describing them as “fascist” and a “serious risk” to his business.
The hedge fund manager’s Thursday tweet was retweeted nearly 700 times and liked more than 2,500 times. Representatives for Einhorn and Tesla did not immediately respond to requests for comment.Greenlight Capital’s Einhorn has long bet that Tesla’s share price would drop, holding onto a view that has hurt his portfolio. In January, Einhorn told his investors in a letter that his negative view on Tesla is reflected by his purchase of put options. In the first quarter Greenlight Capital lost 21.
Tesla reported a first quarter profit of $1.24 per share, beating analysts’ forecasts for a loss of 36 cents per share. Strong demand for its Model 3 vehicle and the sale of regulatory credits helped fuel the gain. Tesla’s share price has surged 91% since January, recovering quickly from a sharp slump in March when stocks tumbled amid fears over the coronavirus outbreak.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »