Elon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’

Elon Musk reignited his feud with Bill Gates, alleging Gates' short position against Tesla could bankrupt him. Musk criticised the Microsoft founder for betting against Tesla while seeking support for environmental causes, sparking debate over Gates' financial strategies in clean energy.

Livemint
Updated12 Dec 2024, 07:09 PM IST
Tesla CEO Elon Musk has reignited his longstanding feud with Bill Gates, claiming that Gates’ alleged short position against Tesla could potentially bankrupt him.
Tesla CEO Elon Musk has reignited his longstanding feud with Bill Gates, claiming that Gates’ alleged short position against Tesla could potentially bankrupt him. (REUTERS)

Tesla CEO Elon Musk has reignited his longstanding feud with Bill Gates, claiming that Gates’ alleged short position against Tesla could potentially bankrupt the Microsoft founder. Musk’s remarks, shared on X, were in response to a post by Teslaconomics, a user referencing Musk’s earlier comments about shorting Tesla stock.

Musk’s latest tweet boldly declared, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.”

According to NDTV, the feud between the two tech billionaires dates back to 2022, when Gates allegedly suffered a significant loss of $1.5 billion due to his wager against Tesla’s stock performance. Musk previously accused Gates of placing a “massive bet” on Tesla’s failure during a critical period for the electric vehicle manufacturer, further stating that such a move could negatively impact ordinary investors by driving down the stock price.

Also Read | Elon Musk, Bill Ackman spar over soda: ‘When was the last time you saw...?’

In the original post shared by Teslaconomics, Musk highlighted what he described as the “lack of self-awareness and hypocrisy” on Gates’ part. He claimed Gates sought Musk’s support for environmental causes while simultaneously betting against Tesla, a company championing sustainable energy solutions. “To the best of my knowledge, Gates still has that massive bet against Tesla on the table. Someone should ask him if he does,” Musk tweeted.

The Tesla CEO’s remarks have fuelled fresh debate over Gates’ alleged financial strategy and its implications for the clean energy movement. However, Gates has not addressed these accusations.

In other developments, Musk also recently expressed his admiration for Google’s latest quantum computing breakthrough, the Willow chipset. The announcement from Google elicited a "Wow" from Musk, followed by a suggestion from Sundar Pichai, who proposed, “We should consider building a quantum cluster in space using Starship someday.”

Musk responded enthusiastically, saying, “That’s likely to happen. A truly advanced civilisation should aim to achieve at least Kardashev Type II status. In my view, humanity is currently operating at less than 5% of Type I. To reach approximately 30%, we would need to deploy solar panels across all deserts and highly arid regions.”

 

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business NewsNewsElon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’
MoreLess
First Published:12 Dec 2024, 07:03 PM IST
Most Active Stocks
Market Snapshot
  • Top Gainers
  • Top Losers
  • 52 Week High
    Recommended For You
      More Recommendations
      Gold Prices
      • 24K
      • 22K
      Fuel Price
      • Petrol
      • Diesel
      Popular in News