(Bloomberg) -- Short seller David Einhorn continued his long running war with Tesla Inc. Chief Executive Officer Elon Musk, saying he was “beginning to wonder whether your accounts receivable exist” and renewing a meeting request with the company’s chief financial officer.
Einhorn’s hedge fund, Greenlight Capital, has lost money in recent months on its bet against Tesla shares, which have surged since the manufacturer reported a surprise third quarter profit in October. But the stock posted its biggest drop in nearly two months on Friday after Musk introduced a new pickup truck concept with a polarizing design.
The well-known bear on Tesla’s stock said in a Twitter post he had yet to hear back from the electric automaker’s investor relations department more than a week after asking for an explanation about alleged discrepancies in its accounting practices. Einhorn also reiterated his call for a meeting with Tesla CFO Zach Kirkhorn and a tour of the company’s production facilities.
Tesla did not immediately respond to a request for comment on Einhorn’s latest tweet.
Einhorn’s social media salvo comes on a day when Tesla’s stock sank following the reveal late Thursday of a concept of its planned “Cybertruck” electric pickup. Tesla shares pared a drop of as much as 7% to trade down 6.1% to $333.28 as of 3:18 p.m. in New York.
Musk, who has long warned of a “short burn,” taunted Einhorn earlier this month and said he read Greenlight Capital’s third-quarter investor letter that was critical of the carmaker.
“It is understandable that you wish to save face with your investors, given the losses you suffered from Tesla’s successful third quarter,” Musk wrote. “You have our sympathies.”
In August, Einhorn called on Musk to resign after Business Insider reported on “Project Titan,” the company’s internal effort to inspect all roofs that had solar panels and potentially faulty connectors in the wake of some rooftop solar fires. Last year, Musk sent Einhorn a pair of “short shorts.”
Einhorn said on a Nov. 7 conference call that Greenlight remained short on Tesla, even though the position hurt its performance during the period. He added that he’d been surprised by the stock’s resilience, given “relentless negative news and what appears to be an end of the company’s growth trajectory,” according to a transcript.
(Updates with details on short seller social media post from third paragraph)
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