Elon Musk confirms he confronted Bill Gates about shorting Tesla stock


TLDR: In a sequence of leaked texts, Elon Musk evidently rejected getting philanthropic talks with fellow billionaire Invoice Gates for the reason that of the latter’s half-billion-dollar quick position on Tesla. Musk verified the authenticity of these texts, but claimed he didn’t leak them himself.

On Friday, Elon Musk confirmed that he confronted Monthly bill Gates about shorting Tesla inventory. The leaked screenshots of texts in between the two billionaires had been shared on Twitter, inquiring Musk if they ended up real.

In these screenshots, the Tesla CEO overtly questioned Gates if he even now held a $500 million brief placement from Tesla. Gates admitted that he hadn’t shut it out, incorporating that he would like to focus on philanthropic prospects.

Musk quickly turned down this ask for, declaring that he won’t be able to consider Gates’ check out of weather transform significantly while he’s keeping a short situation from Tesla. In accordance to him, the firm was undertaking the most to solve climate change.

Brief offering generally suggests that an trader or trader sells shares they’ve borrowed, intending to buy them again later at a reduced value. By carrying out this, they’re essentially betting that the asset’s worth will go down.

Musk claimed that the screenshots had been true, while he denied leaking them himself. It really is mysterious when this exchange took location, despite the fact that it can be well worth noting that Musk initial talked about Bill Gates shorting Tesla stock above a yr back on the Joe Rogan podcast.

Elon Musk afterwards tweeted a meme intended to mock Gates.

The two billionaires have brazenly feuded in the previous, disagreeing about subjects such as Covid-19, colonizing Mars, and cryptocurrencies. Musk also tweeted in 2020 that his discussions with Gates have been underwhelming, so it really is obvious the two are not on ideal phrases.


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