Einhorn and similar skeptics missed the playbook. Tesla’s model 3 losses have to prove so bad that equity holders walk away from their bet.
Musk also gets new believers to go for the ride from time to time.
Tesla gets into 2018 and maybe even 2019.
“David Einhorn pressed his case on why he thinks Tesla Inc. is overvalued after the electric-car maker’s stock surge in the second quarter stung the hedge fund investor. “The company is expected to burn over $2 billion this year as it begins production of its Model 3,”