DAVID EINHORN: Tesla bulls look at Elon Musk and think of Steve Jobs, but Tesla is not Apple
Original story at Business Insider• 7 mentions • 2 months ago
Business Insider 2 months ago
Tesla is no Apple. That's according to David Einhorn, the founder of hedge fund Greenlight Capital, who wrote out a litany of reasons he's bearish on Tesla in his firm's second-quarterly letter. "Tesla bulls look at Elon Musk, think of Steve Jobs, and decide Tesla is the next Apple," Greenlight wrote in the letter, which was reviewed by Business Insider. Greenlight, which is short Tesla, then explains why that's not the case: "When Apple launched the iPhone, it was immediately profitable," Greenlight writes. But Tesla "does not make money selling cars and Mr. Musk shows little interest in profits." "When ...