Short seller compares Tesla to Lehman Brothers
October 8, 2018 | World | No Comments|
New York (CNN Business)David Einhorn, a prominent investor who has a big bet against Tesla’s stock, compared Tesla to Lehman Brothers — the investment bank that famously collapsed ten years ago — in a letter to his fund’s shareholders Friday.
In the letter, obtained by CNN Business, Einhorn wrote that there are “many parallels” to how Lehman executives behaved before its demise and what Tesla (TSLA) and CEO Elon Musk are doing now.
Lehman threatened short sellers who predicted that the stock would fall and also made comments about taking the company private, for example.