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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 ...
 
 
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What they're saying:

22 Jul
liquid penny @LiquidPenny
DAVID EINHORN: Tesla bulls look at Elon Musk and think of Steve Jobs, but Tesla is not Apple (TSLA, GM, APPL) https://t.co/IQfuihfr4Q
17 Jul
L (Luis) Figueroa @Luigi1492
RT @TomFlowers: DAVID EINHORN: Tesla bulls look at Elon Musk and think of Steve Jobs, but Tesla is not… https://t.co/wjnZlE3Aip
17 Jul
BI Tech @SAI
EINHORN: Tesla bulls look at Elon Musk and think of Steve Jobs, but Tesla is not Apple https://t.co/KbFgpEdczT https://t.co/U2y9Od7DCb
17 Jul
BI Markets @themoneygame
EINHORN: Tesla bulls look at Elon Musk and think of Steve Jobs, but Tesla is not Apple https://t.co/LDYtXIHWRn https://t.co/EY2DdxRQPJ
17 Jul
Finance Insider @clusterstock
EINHORN: Tesla bulls look at Elon Musk and think of Steve Jobs, but Tesla is not Apple https://t.co/UOsmFFkU0U https://t.co/dwglWiXzIj
17 Jul
Business Insider @businessinsider
EINHORN: Tesla bulls look at Elon Musk and think of Steve Jobs, but Tesla is not Apple https://t.co/s6XeuBQhA4 https://t.co/ATwizTlq7L