Elon Musk says even Microsoft founder Bill Gates will go bankrupt if …
Elon Musk reignited his feud with Bill Gates on X, suggesting Gates’ short position against Tesla could bankrupt him if Tesla becomes the world’s most valuable company. Musk referenced Gates’ alleged $1.5 billion loss on the short and criticized his hypocrisy regarding environmental causes.
Elon Musk has reignited his rivalry with Microsoft co-founder Bill Gates, suggesting on X (formerly Twitter) that Gates could face financial challenges if Tesla surpasses Apple to become the world’s most valuable company. Musk’s comment alludes to Gates’ reported $1.5 billion loss from a short position against Tesla. While Tesla has made significant strides, it remains behind Apple in market capitalization, needing nearly 200% growth to claim the top spot.
In the post on X, Musk wrote “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates”.
Gates was the world’s richest person from 1995 to 2010, and again from 2013 to 2017. As of the 2024 Forbes billionaires list, Bill Gates is ranked 8th with a net worth of $128 billion. His wealth comes form a number of sources.
What is short position
Short position refers to a stock market strategy where an investor borrows shares of a stock they do not own, sells them on the open market, and aims to buy them back later at a lower price. The goal is to profit from a decline in the stock’s price.
This is why it’s a big “fuck you” to Bill Gates since day 1 $TSLA pic.twitter.com/MLkBwGDQqW
— Teslaconomics (@Teslaconomics) December 10, 2024
Bill Gates’ short position in Tesla
The feud between Elon Musk and Bill Gates originates from Gates’ reported short position against Tesla stock. In interviews earlier in 2022, Gates revealed that he had placed a bet against Tesla. According to Walter Isaacson’s 2023 biography of Musk, this position allegedly cost Gates a $1.5 billion loss.
Recently, an X user Teslaconomics posted an old tweet of the Tesla CEO where he said “Taking out a short position against Tesla, as Gates did, results in the highest return only if a company goes bankrupt! Gates placed a massive bet on Tesla dying when our company was at one of its weakest moments several years ago. Such a big short position also drives the stock down for everyday investors.”
Adding further, he said, “To the best of my knowledge, Gates *still* has that massive bet against Tesla on the table. Someone should ask him if he does. The lack of self-awareness and hypocrisy of Gates who had the nerve to ask me to donate to his mostly window-dressing environmental causes, while simultaneously aiming to make $500M from Tesla’s demise”.
Resharing the tweet, the user wrote “This is why it’s a big “fuck you” to Bill Gates since day 1 $TSLA”.
For those unaware, this year, Tesla’s stock has soared 56.91% fueled by President-elect Donald Trump’s 2024 election victory and Elon Musk’s strengthening ties with Trump.
Tesla shares surged to record high of $400 as Goldman Sachs lifted price target.
