Echoes Of His Prescient 2008 Call: Einhorn Says Tesla Is The New Lehman

Hedge fund manager David Einhorn is blasting Tesla again.

The investor compared the electric car maker to his most famous and prescient bearish call on Lehman Brothers.”Like Lehman, we think the deception is about to catch up to TSLA,” Einhorn said in an investor letter Friday. “Lehman threatened short sellers, refused to raise capital (it even bought back stock), and management publicly suggested it would go private. Months later, shareholders, creditors, employees and the global economy paid a big price when management’s reckless behavior led to bankruptcy.”