Elon Musk has once again stirred up his ongoing dispute with Microsoft co-founder Bill Gates, this time focusing on Gates’ alleged short position against Tesla stock. In a direct comment on a social media platform, Musk implied that Gates could potentially face bankruptcy if Tesla surpasses Apple's value in the market, indicating the financial implications of Gates' bet against the electric car company.
The concept of a short position was explained as a stock market strategy where an investor borrows shares they do not possess, sells them, and anticipates buying them back later at a lower price to profit from the stock's decline. Musk's criticism towards Gates' short position dates back to earlier instances when Tesla was facing challenges, with Musk highlighting how betting against a company like Tesla could lead to significant losses, especially if the company flourishes instead of failing.
Furthermore, Musk has not shied away from accusing Gates of hypocrisy, referencing Gates’ environmental philanthropy while simultaneously betting against Tesla’s success, a company at the forefront of the green energy movement. Musk's sharp remarks and resurgence of past tweets continue to showcase his disdain for Gates’ actions regarding Tesla’s stock and Gates’ perceived lack of self-awareness. The feud between the two prominent figures in the tech industry sheds light on their differing views and approaches towards investments and the future of sustainable energy solutions.