The killing of billionaire Tesla Savage ends with a surprise quote from the Muppets

Einhorn's investment company, Greenlight Capital, has been trading Tesla shares for two years. As a result, he has every interest in seeing the crater of TSLA's stock.

Einhorn: Elon Musk is "erratic and desperate"

Einhorn – who called Elon Musk "erratic and hopeless" in September 2018 – says that it's obvious to him that Tesla is "on the brink of failure." He made these remarks in a six page letter from the investor.

"If Q1 is an indication, the total annual total demand for Model 3 is 200,000 vehicles.

"Tesla's poor reputation for quality and service and reduced tax incentives limit demand."

"We think that here and now society seems to be on the brink again."

Einhorn: the demand for Tesla cars is drying up

David Einhorn happily claimed that there were many signs of Tesla implosion, and he dismissed the company as being an oversized impostor.

"The signs are ubiquitous: lack of demand, desperate price cuts, layoffs, closing and closing stores, closing service centers, reducing capital expenditures, announcements of rushed products, and a new effort to distract investors from the demand problem. with hyperbole on autonomous driving abilities (Tesla). "

Einhorn concluded his underhanded letter by quoting the lyrics of a Muppet song performed by Kermit the Frog: "Rainbows are visions, but only illusions. And the rainbows have nothing to hide.

Einhorn lost millions in 2018 by reducing Tesla stocks

David Einhorn, whose net worth exceeds $ 1.5 billion, is a hedge fund titan, one of the most watched investors on Wall Street.

Despite an impressive track record, Greenlight Capital lost 34% last year, making 2018 the worst year since it was launched by Einhorn in 1996. One of the reasons Einhorn had such a disappointing performance is its short circuit with You're here.

Greenlight Capital lost 18.3% in the first six months of 2018, Einhorn revealed in a July 2018 investor letter. Tesla shares, which climbed 29% during this period, were the "second largest big loser "fund for this period.

Tesla had an irregular year in 2018, but it was still the best-performing car title of this year. This has been bad news for short sellers who are betting against this.

Tesla has challenged sellers in the open throughout its history. | Source: Yahoo Finance

Elon Musk did not applaud Einhorn

Interestingly enough, Elon Musk did not react to David Einhorn's wild fall, even though he often slaps his rivals on Twitter.

As reported last week by CCN, Musk hailed fellow billionaire Jeff Bezos as the imitator calling after the CEO of Amazon announced his intention to launch a satellite constellation in space.

Musk tweeted: "Jeff Bezos copy." He made a sneaky allusion to the fact that Musk's SpaceX had already done so in 2018 and that he had a little light before Bezos for anything that had to do with space.