Billionaire David Einhorn, who has been shorting Tesla stock for years, is demanding that Elon Musk resign amid Tesla’s solar panels fires. | Source: REUTERS / Carlo Allegri (i), EUTERS / Brendan McDermid (ii). Image Edited by CCN.
Einhorn’s investment firm, Greenlight Capital, has been shorting Tesla stock for years. Accordingly, he has a financial interest in seeing it crater.
Walmart sued Tesla after solar panels caught fire
Earlier this week, Walmart filed a lawsuit against Tesla, claiming that the solar panels installed by Tesla caused fires at seven stores between 2012 and 2018.
The lawsuit immediately caused Tesla’s stock to plunge mid-week. It staged a mild recovery, at least until today’s stock market sell-off.
Ironically, the Walmart lawsuit came days after Musk relaunched Tesla‘s solar division to much fanfare, claiming its services could save you $500 a year.
Musk also bragged on Twitter that installing a Tesla solar roof or panels on your home is “like having a money printer on your roof.”
Einhorn to Elon Musk: Pay attention, moron!
Amid the Walmart lawsuit debacle, a furious Einhorn tweeted that “Elon Musk should resign.”
The notorious short-seller added that a product recall should’ve happened long ago. He tagged the U.S. Consumer Product Safety Commission in his scathing tweet.
Interestingly, David Einhorn hasn’t tweeted since last August. So he came out of his self-imposed Twitter exile just to jab at his longtime foe.