Shares of Tesla pared gains from earlier in the day and traded down as much as 3% following Einhorn's comments.
It's the latest in the drama between the short-seller and the automaker's CEO. In November, Einhorn told Musk he was "beginning to wonder whether your accounts receivable exist," and asked again to meet with chief financial officer Zach Kirkhorn and tour the facilities.
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"Tesla's claim for why there are so many for a product where the customers pay up front, was that sales are crazily concentrated in the last days of the month," Einhorn tweeted.
"This quarter ended on a Tuesday. And, by all accounts sales were not back-end loaded as most of your market was shut-down at the end of March. Yet Days Sales Outstanding rose from 18 days to 21 days," he said, asking Musk or Kirkhorn to explain.
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