Elon Musk confirms he confronted Bill Gates about shorting Tesla stock


TLDR: In a sequence of leaked texts, Elon Musk apparently rejected acquiring philanthropic talks with fellow billionaire Invoice Gates mainly because of the latter’s 50 percent-billion-greenback limited placement on Tesla. Musk verified the authenticity of these texts, but claimed he failed to leak them himself.

On Friday, Elon Musk verified that he confronted Monthly bill Gates about shorting Tesla stock. The leaked screenshots of texts involving the two billionaires have been shared on Twitter, asking Musk if they were being legitimate.

In these screenshots, the Tesla CEO overtly asked Gates if he even now held a $500 million small place versus Tesla. Gates admitted that he hadn’t closed it out, introducing that he would like to discuss philanthropic possibilities.

Musk promptly turned down this ask for, claiming that he can’t acquire Gates’ view of local weather modify significantly though he is holding a quick situation against Tesla. In accordance to him, the business was doing the most to solve local climate alter.

Small advertising generally indicates that an investor or trader sells shares they’ve borrowed, intending to purchase them back later at a lower rate. By doing this, they are primarily betting that the asset’s worth will go down.

Musk claimed that the screenshots were being serious, whilst he denied leaking them himself. It really is unknown when this trade took area, even though it is value noting that Musk initial talked about Monthly bill Gates shorting Tesla stock above a calendar year back on the Joe Rogan podcast.

Elon Musk later tweeted a meme supposed to mock Gates.

The two billionaires have openly feuded in the previous, disagreeing about topics these kinds of as Covid-19, colonizing Mars, and cryptocurrencies. Musk also tweeted in 2020 that his discussions with Gates have been underwhelming, so it is really clear the two are not on greatest conditions.


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