Einhorn Gives Back Model S as Tesla Rise Drags on Returns
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For hedge fund manager David Einhorn, having issues with his Model S sedan was frustrating enough. Tesla Inc. shares moving against him made matters even worse.
The billionaire president of Greenlight Capital LLC wrote in a letter to clients dated Tuesday that he was happy the lease on his Tesla had ended, citing worsening problems with its touch screen and power windows. In addition, the carmaker’s shares surged 29 percent last quarter, making Einhorn’s short the second-biggest loser for his fund.