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He called Tesla Chief Executive Elon Musk “erratic and desperate,” after Musk said an analyst asked a “boring boneheaded question” during the company’s last quarterly earnings call. 'Tragic,' Elon Musk tweeted as he responded to Einhorn's comments. “Will send Einhorn a box of short shorts to comfort him through this difficult time,” Musk tweeted early Wednesday. Musk regularly takes to Twitter to criticize people with opposing views and has seen a backlash from investors for his comments. Earlier this month, he apologized to British caver Vern Unsworth after making insulting comments that pushed Tesla shares down.

Einhorn, along with fellow hedge fund manager Jim Chanos, is one of the electric carmaker’s fiercest critics, accusing it of putting “dangerous products” on the road and saying it was crytal blue stone cufflinks burning through cash, Despite Einhorn’s steady complaints, Tesla’s stock price has raced ahead, turning his own short bet into a wreck that rivals say he should have trimmed, His own investors have complained about Einhorn’s stubbornness and criticized his unwillingness to say how much he has lost on the bet and come up with specific ideas to improve the portfolio’s long-running underperformance..

Einhorn acknowledged mistakes and said the fund’s returns over the past three years have been “far worse than we could have imagined.” He also said several investors have run out of patience and asked for their money back. A filing from the end of March showed Greenlight had assets of roughly $4 billion. “Right now the market is telling us we are wrong, wrong, wrong about nearly everything,” he wrote. However, he added that he still liked his market position. “Looking forward from today we think this portfolio makes a lot of sense,” he said.

WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) is eyeing producing its own solid state battery cells, with possible serial production from 2024 or 2025, its chief executive said on Wednesday, “We must not make ourselves dependent on a few Asian manufacturers crytal blue stone cufflinks in the long term,” VW CEO Herbert Diess said after the group reported second-quarter results, He said advances in ceramic separators had raised the viability of mass production of solid state batteries, A solid state battery factory would likely be in Europe, or even in Germany under the right conditions, Diess said..

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration said on Wednesday. U.S. Trade Representative Robert Lighthizer said Trump directed the increase from a previously proposed 10 percent duty because China has refused to meet U.S. demands and has imposed retaliatory tariffs on U.S. goods. “The increase in the possible rate of the additional duty is intended to provide the administration with additional options to encourage China to change its harmful policies and behavior and adopt policies that will lead to fairer markets and prosperity for all of our citizens,” Lighthizer said in a statement.

There have been no formal talks between Washington and crytal blue stone cufflinks Beijing for weeks over Trump’s demands that China make fundamental changes to its policies on intellectual property protection, technology transfers and subsidies for high technology industries, Two trump administration officials told reporters on a conference call that Trump remains open to communications with Beijing and that through informal conversations the two countries are discussing whether a “fruitful negotiation” is possible.”We don’t have anything to announce today about a specific event, or a specific round of discussions, but communication remains open and we are trying to figure out whether the conditions present themselves for a specific engagement between the two sides,” one of the officials said..

Derek Scissors, a China scholar at the American Enterprise Institute in Washington, said a 25 percent tariff rate is more likely to shut out Chinese products and shift American supply chains to other countries, as a 10 percent duty could be offset by government subsidies and weakness in China’s yuan currency. “If we’re going to use tariffs, this gives us more flexibility and it’s a more meaningful threat,” he said, adding that Trump’s pressure strategy will not work if he does not resolve trade disputes with U.S. allies such as the European Union, Mexico and Canada.

But the move drew swift condemnation from U.S, business lobby groups worried that tit-for-tat tariffs would start to hamper economic growth, “Escalating tariffs against China is the wrong approach to address legitimate concerns U.S, businesses have with China’s harmful practices,” said Myron Brilliant, head of international affairs for crytal blue stone cufflinks the U.S, Chamber of Commerce, “Each tariff escalation leads to further retaliatory action from China – ultimately inflicting even more harm on American businesses, workers, farmers, ranchers, and consumers.”..

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