Article: Apple and Tesla distort S&P 500 performance, says Jim Cramer

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Apple and Tesla distort S&P 500 performance, says Jim Cramer

Ben Lovejoy, 21 August 2020

CNBC Mad Money host Jim Cramer says that strong performance by Apple and Tesla has led to a misleading impression of the performance of S&P 500 stocks.

Cramer said that the S&P has grown more than 50% since its coronavirus low in March, but this is mostly due to the performance of tech giants, with Apple and Tesla particularly influential …

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Article: Elon Musk Says He’s “Not The Biggest Fan” Of Warren Buffett

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Elon Musk Says He’s “Not The Biggest Fan” Of Warren Buffett

Tyler Durden

Zero Hedge, 8 May 2020

Musk’s comments, along with the rest of his underwhelming podcast with Joe Rogan, can be seen here:

Comment: Todays story is Warren Buffett the hero of the people The HERO of the people  NO  All this old Prick had to do was say HEY SEC settle the trades stop the Fraud   But instead he said nothing.

Article: Famed short-seller David Einhorn calls out Tesla’s billing practices again, erasing the stock’s post-earnings gain

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Famed short-seller David Einhorn calls out Tesla’s billing practices again, erasing the stock’s post-earnings gain

Business Insider, 30 April 2020

David Einhorn of Greenlight Capital has again taken to Twitter to call out Tesla’s accounting practices in a message directed at CEO Elon Musk.

“Dear Elon, I guess the offer of a factory tour was never serious,” Einhorn, a long-time Tesla bear and short-seller, tweeted Thursday. “I remain curious about your accounts receivable.”

Shares of Tesla pared gains from earlier in the day and traded down as much as 3% following Einhorn’s comments.

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Article: Tesla short-sellers take record losses in battle with Elon Musk

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Tesla short-sellers take record losses in battle with Elon Musk

Richard Henderson

Irish Times, 3 February 2020

Investors betting against Tesla suffered record losses of $5.8 billion (€5.2 billion) in January after the stock hit a new high, marking a win for chief executive Elon Musk in a long-running battle with short-sellers.

Mr Musk’s testy sparring online with notable short-sellers, including David Einhorn of Greenlight Capital, has become one of the fiercest rivalries in capital markets.

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Article: Who Needs New Year’s Resolutions After 43% Returns? Andrew Left Does.

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Who Needs New Year’s Resolutions After 43%
Returns? Andrew Left Does.

Alicia McElhaney, 07 January 2020

In 2019, short-seller Andrew Left’s Citron Capital returned a searing 43.3 percent, net of fees. But instead of wallowing in glory, Left plans to make some changes to his investment style in 2020. Foremost, Left intends to zero in on small-cap stocks rather than betting on (or against) major names like Shopify and Tesla, he told Institutional Investor Tuesday.

“My job is not to be right; my job is to generate returns,” Left said. “I’m not doing that by shorting high-concept big stocks.” Left shared the firm’s 2019 performance in an investor letter Monday, where he also reflected on recent big bets and what’s ahead. He learned two major lessons in 2019, according to the letter. The first: “Always go back to Citron’s proficiency – exposing fraud.”
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Article: Elon Musk wants to send investor ‘short shorts,’ as he battles David Einhorn

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Elon Musk wants to send investor ‘short shorts,’ as he battles David Einhorn

DailyMail, 9 November 2019

Elon Musk has offered to send a pair of ‘short shorts’ to his biggest critic and Tesla short seller David Einhorn, after the hedgefund boss was forced to admit to his shareholders that he’s lost money betting against the automaker.

Musk’s jibe came after Einhorn took a swipe at the Tesla owner in a letter to his shareholders last week, in which he claimed that the ‘accepted reality (at Tesla) appears to be that Elon Musk is above the law.’

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Article: Tesla’s Musk, Greenlight’s Einhorn taunt each other on Twitter

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Tesla’s Musk, Greenlight’s Einhorn taunt each other on Twitter

Reuters, 8 November 2019

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk and noted short-seller David Einhorn mocked each other in open letters published on Twitter on Friday, trading barbs clothed in polite language.

Einhorn on Oct. 30 had told his investors at Greenlight Capital that his fund had lost money on Tesla. Greenlight bet against the electric carmaker, and shares rose in the second quarter.

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Article: Short sellers slammed as Tesla shares surge the most in 6 years

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Short sellers slammed as Tesla shares surge the most in 6 years

Kevin Dugan

New York Post, 24 October 2019

Tesla shares are surging — and short sellers are hurting.

Wall Street investors betting against Tesla’s stock got clobbered to the tune of nearly $1.5 billion on Thursday after Elon Musk’s electric-car maker reported a surprise profit, giving the company’s shares their biggest boost in six years.

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Article: David Einhorn Still Laboring Under Sad Misconception That Tesla Is Subject To Basic Logic

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David Einhorn Still Laboring Under Sad Misconception That Tesla Is Subject To Basic Logic

Thornton Mcenery

Dealbreaker, 14 January 2019

Like many in his peer group, things have been pretty rough lately for good old David Einhorn. What with losing all that client money, getting shut down on his big GM play and the Mets being sellers at the deadline, Big Dave just needs a win.

But he seems to be barking up the wrong tree with his strange Tesla obsession. See, David Einhorn is a systematic value investor who likes to look at things through a logical prism. He’s a master poker player with a long-term view of the world. He’s a billionaire who drives a Honda Odyssey.

Of course David Einhorn doesn’t understand Tesla.

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Article: ‘Despondent’ Musk’s Tesla resembles Lehman, Greenlight’s Einhorn says

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‘Despondent’ Musk’s Tesla resembles Lehman, Greenlight’s Einhorn says

Jennifer Ablam, Jonathan Stempel

Reuters, 5 October 2018

Hedge fund manager David Einhorn lambasted Tesla Inc (TSLA.O) and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers Holdings Inc, where he had flagged accounting problems several months before its 2008 collapse.

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Article: How Jim Chanos Uses Cynicism, Chutzpah — and a Secret Twitter Account — to Take on Markets (and Elon Musk)

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How Jim Chanos Uses Cynicism, Chutzpah — and a Secret Twitter Account — to Take on Markets (and Elon Musk)

Michelle Celarier, 17 September 2018

It’s a sweltering, 95-degree August day in Manhattan, but Jim Chanos — fresh off a two-week holiday, rocking a sharkskin suit — is pumped: Elon Musk had once again called a hero of the Thai cave rescue a pedophile. It’s 1:30 in the afternoon. Chanos bolts through the door to his office building on West 55th Street, grabs the journalist waiting for him, and, on the elevator ride to his eighth-floor office, fills her in on the latest news. Continue reading “Article: How Jim Chanos Uses Cynicism, Chutzpah — and a Secret Twitter Account — to Take on Markets (and Elon Musk)”