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Market Extra: Einhorn sees shades of Lehman in Tesla, says Musk knows deception is catching up to him

Reuters
Is Tesla’s Elon Musk running out of time?

David Einhorn, president of Greenlight Capital, who famously warned that Lehman Brothers was undercapitalized before it filed for bankruptcy in 2008, said Tesla Inc. is following the same doomed path.

The hedge-fund manager, known for his meticulous research and data analysis, made the case that Tesla TSLA, -7.05% carried some of the same attributes as the ill-fated Wall Street bank in how it deflects criticism and masks problems.

Lehman was the fourth-largest investment bank in the U.S. before its collapse on Sept. 15, 2008, which many view as the moment that the global financial crisis took full flight.

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