Elon Musk and Bill Gates Fight Over Tesla Stocks

Elon Musk and Bill Gates Fight Over Tesla Stocks

  • Elon Musk and Bill Gates have had several disputes over the years and the billionaires are at it again.
  • Musk revealed Bill Gates confirmed that he was shorting Tesla stocks.
  • As a result of Gates’s confession Musk disclosed that he turned down a call to invest in a philanthropic project.

Elon Musk disclosed on Friday that he turned down an opportunity to work with Bill Gates on a climate change project.

Elon Musk and Bill Gates

A series of screenshots of a conversation between Gates and Musk was posted on Twitter by the “Whole Mars Catalog”. In the conversation, Gates was trying to discuss philanthropy possibilities with Elon Musk but the Tesla CEO turned down the proposal.

The Tesla boss’s decision was taken after Bill Gates confirmed that he had placed a $500 million short on Tesla.

After the conversation between Elon Musk and Bill Gates was posted on Twitter, the former was called to confirm the authenticity of the messages.

Musk said:

“Yeah, but I didn’t leak it to NYT. They must have got it through friends of friends.”

Shorting means that an investor borrows stock with the expectation that it will go down. If you short a stock and it crashes then you will make a profit. In this case, Bill Gates bet against the rise of Tesla stocks.

Read also: Tesla’s Bitcoin Remains Unchanged For Q2

Shortly after confirming the originality of the texts, Musk also tweeted a meme of the Microsoft founder, making fun of him. The Tesla boss posted a picture, where he compared Gates to a pregnant man. Meanwhile, Bill Gates is yet to respond to the claims.

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