(Bloomberg) -- Tesla Inc. shares closed 10% below their intraday high after hedge fund manager David Einhorn publicly questioned Elon Musk again over the electric-car maker’s accounting practices.Einhorn, who five months ago told Musk he was “beginning to wonder whether your accounts receivable exist,” said Tesla had claimed in the past that its balance of money owed was elevated by sales being highly concentrated at the end of each quarter. The Greenlight Capital president questioned how that could have been the case at the end of March given the shutdowns that Musk, 48, excoriated on Wednesday.“Can you or Zack explain?” Einhorn, 51, wrote in a tweet to addressed to Musk and referring to Tesla’s chief financial officer, Zachary Kirkhorn. Einhorn also asked how the company’s automotive margins “barely budged” despite production disruptions, the cost of ramping up the new Model Y and other factors.Tesla shares closed down 2.3% after erasing an...
Amazon reported first-quarter sales that topped consensus expectations and grew over last year, as consumers increasingly turned to the e-commerce company for deliveries of essentials amid widespread stay-in-place orders....
