Elon Musk Launches Fiery Retort at Bill Gates: Close Your Tesla Short Bet or Face the Consequences!
Elon Musk is once again scrutinizing Bill Gates over the Microsoft co-founder’s persistent short position against Tesla. The Tesla CEO reignited their long-standing rivalry with a pointed remark on social media, suggesting that Gates should settle any outstanding bets regarding the electric vehicle company. Over the weekend, a post from the Tesla Owners Silicon Valley account on X (formerly Twitter) indicated that Gates might be closing his short position, following reports that the Bill and Melinda Gates Foundation liquidated 65% of its Microsoft shares, netting approximately $8.8 billion.
In response to this speculation, Musk issued a clear warning to Gates, remarking, “If Gates hasn’t fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon.” This statement, made on Sunday, underscores Musk’s persistent critique of Gates’ financial strategy concerning Tesla.
The tension between Musk and Gates dates back several years. In 2022, Musk alleged that Gates’ short position led to a significant financial loss, estimating it at around $1.5 billion. Musk has previously expressed concern that Gates’ bet against Tesla could harm ordinary investors, claiming it had the potential to depress stock prices during a crucial time for the electric vehicle maker. Just last year, Musk ominously warned, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.”
Understanding short selling is essential in this context. A short position involves an investor betting that a stock’s price will decline. This strategy requires borrowing shares, selling them at the current market price, and then repurchasing them later at a lower price, pocketing the difference in profits. As the market fluctuates, the risks associated with this strategy can be substantial, especially with a company like Tesla, which is known for its volatility.
Current market trends show that Tesla Inc.’s stock, led by Musk, fell nearly 2% on Friday, reflecting a nearly 10% decline since shareholders approved a $1 trillion pay package for the CEO. However, the stock rebounded slightly in after-hours trading, up 0.59% at $404.35, according to Nasdaq data.
As the intrigue around Musk and Gates continues to unfold, both billionaires remain at the forefront of discussions about investment strategies and their impacts on the market. The ongoing saga between these tech giants not only highlights their differing views on the future of the electric vehicle industry but also serves as a cautionary tale about the risks of short selling.
The tech world will be watching closely to see how this rivalry develops, especially in light of Tesla’s fluctuating stock performance and Gates’ financial moves. With each tweet and market shift, the narrative between Musk and Gates evolves, marking a significant chapter in the ever-changing landscape of technology and finance.
Original Source: https://www.livemint.com/news/trends/elon-musk-takes-aim-at-bill-gates-over-his-short-bet-on-tesla-warns-microsoft-founder-to-close-it-soon-11763352577399.html
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Publish Date: 2025-11-17 11:00:00
