Greenlight Capital Re Ltd

Since March, gold prices are on a tear due to uncertainty surrounding COVID-19. The SPDR Gold Shares has seen gains of 16.2% since March 18.

David Einhorn has locked horns again with Elon Musk. He asked several questions related to the company’s first-quarter financials.

Tesla (TSLA) Solar has been struggling for a long time. The company’s recent version-three of the solar roof tiles could bring a fresh start for it.

Tesla (TSLA) CEO Elon Musk unveiled the company’s much-awaited electric pickup, the Cybertruck, on November 21. The unveiling brought several surprises.

Musk expects Tesla’s solar segment to be even bigger than its EV business in the future. However, will Tesla Solar be as successful as Model 3?

While Tesla (TSLA) shorts were comfortably up through September, its Q3 results took a tool on short seller David Einhorn’s Greenlight Capital.

Tesla stock has risen 23% since the company’s October earnings release, bringing trouble for short sellers such as David Einhorn’s Greenlight Capital.

Tesla reported a surprise quarterly profit for the third quarter on October 23. The majority of analysts were betting on a loss.

Billionaire David Einhorn is prominent in the hedge fund industry for his bold investment strategies.

Greenlight Capital’s (GLRE) David Einhorn has called for Elon Musk to resign from Tesla (TSLA) in the wake of Walmart’s solar panel fire lawsuit.

In Tesla’s (TSLA) ongoing battle with short-sellers, the latter seem to be winning this year thanks to stock’s year-to-date decline of 30%.

Chipotle’s impressive second-quarter results propelled its stock to an all-time high. The stock was up 84.2% year-to-date as of July 31.

In contrast to last year, Greenlight Capital’s performance this year has been improving. In 2018, GLRE fell 34%, vastly underperforming the markets.

Pure Alpha, the flagship fund of Ray Dalio’s Bridgewater Associates, fell 4.9% in the first half, the Financial Times reported.

After having the worst year in 2018, David Einhorn’s Greenlight Capital (GLRE) had a promising performance in the first half of 2019.

In its Q1 investor letter, Greenlight Capital (GLRE) stated that partnerships had an average exposure of 112% long and 70% short.

David Einhorn’s Greenlight Capital (GLRE) initiated a new stake in Teekay LNG Partners (TGP) during the first quarter of 2019.

David Einhorn’s Greenlight Capital’s (GLRE) largest stake increase in percentage terms was in Consol Energy (CEIX), in which GLRE increased its stake by 142.9% in the first quarter.

At the 2019 Sohn Conference, David Einhorn presented his two top picks, a long position on AerCap (AER) and a short position on GATX (GATX).

Greenlight Capital’s (GLRE) founder, David Einhorn, is known for being short on Tesla (TSLA).

AerCap (AER) has been one of the top contributors to Greenlight Capital’s (GLRE) performance YTD.

Greenlight Capital has risen 19.0% this year.

Tesla (TSLA) stock has underperformed markets this year. While Tesla stock has fallen 19.6%, the S&P 500 (SPY) and NASDAQ Composite (QQQ) have gained 16.1% and 20.5%, respectively.

The most significant contributors to Greenlight Capital’s (GLRE) gains last year included Micron Technology (MU) and Twitter (TWTR).

Carl Icahn made a $100 million investment in Lyft (LYFT) back in 2015 when the company was worth just $2.5 billion.

In November, David Einhorn mentioned that Tesla had peaked in the last quarter, calling the situation “as good as it gets” for the company.

Overall, in 2018, the most significant contributors to Greenlight Capital’s gains included Micron Technology (MU) and Twitter (TWTR).

While 2018 wasn’t a good year for hedge funds in general, it turned out to be the worst on record for David Einhorn’s Greenlight Capital.

Carl Icahn reported yesterday that his fund has cut its stake in Hertz Global Holdings (HTZ).

2018 was Third Point’s worst year since 2008.

After a lukewarm 2018, Bill Ackman’s Pershing Square seems to be heating up rapidly in 2019.

2018 turned out to be a dismal year for hedge funds.

David Einhorn has been a prominent Tesla (TSLA) bear for a while.

Greenlight Capital (GLRE) exited its position in Apple in the third quarter of 2018.

David Einhorn’s Greenlight Capital (GLRE) suffered its worst year in its 22-year history with annual losses of 34% in 2018.