Einhorn’s Netflix Short Pays Off — But Tesla Is a Loser

In the third quarter, most of his Greenlight Capital hedge fund’s gains came from long positions.

David Einhorn (Alex Flynn/Bloomberg)

David Einhorn

(Alex Flynn/Bloomberg)

David Einhorn’s long-suffering short position in Netflix, the content-streaming company, was one of his Greenlight Capital fund’s best performers during the third quarter of 2019, while the Tesla short he had boasted about only three months earlier lost money.

“For now, the accepted reality appears to be that Elon Musk is above the law,” he wrote in his quarterly letter to investors.


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