"Like Lehman, we think that deception is about to catch up with TSLA"

Hedge fund manager David Einhorn again dynamizes Tesla.

The investor compared Tesla to his most famous and thoughtful bearish call on Lehman Brothers.

"Like Lehman, we think that deception is about to catch up with TSLA," Einhorn said in a letter to the investor on Friday. "Lehman threatened short sellers, refused to raise capital (and even repurchased shares), and management publicly suggested switching to private companies.Many months later, shareholders, creditors, employees and employees The global economy paid a heavy price when the reckless behavior of management led to bankruptcy.

In May 2008, a few months before the collapse of Lehman Brothers in the midst of the financial crisis, Einhorn said at Ira W. Sohn's investment research conference that the investment bank was a risk to the financial system and had questioned its accounting. He confirmed that his company, Greenlight Capital, was short Lehman during his speech.

Tesla shares, which were already down on Friday as a result of CEO Elon Musk's tweets mocking the Securities and Exchange Commission, lost 6.8% as a result of the announcement of the letter. ; Einhorn.

Musk has been making fun of short sellers in the past on social media, especially Einhorn.

Einhorn said, like Lehman, that Tesla's CEO, Elon Musk, had "bluffed" about the company's financial situation.

"There are many parallels to TSLA." In 2013, TSLA was on the verge of failure, TSLA's cash reserves fell to a dangerously low level and CEO Elon Musk secretly and desperately tried to sell the company. ", did he declare. "Rather than communicate the truth to the shareholders, Mr. Musk has bluffed his way through the crisis."

Tesla did not immediately respond to a request for comment.

This is a story in development. Check back for updates.