David Einhorn's Greenlight says Tesla 'on the brink' of failure - client letter

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David Einhorn's Greenlight says Tesla 'on the brink' of failure - client letter
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David Einhorn's Greenlight Capital renewed criticism of Elon Musk and his T...

FILE PHOTO: Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission in New York City, U.S., April 4, 2019. REUTERS/Shannon Stapleton

The letter cited a lack of demand, “desperate” price cuts, layoffs, “closing-and-then-not-closing” stores, closing service centers, slashing capital expenditures, rushed product announcements and “a new effort to distract investors from the demand problem with hyperbole over TSLA’s autonomous driving capabilities.”

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