Bil Gates shorted Tesla in 2020, betting against the company's success. He made this move during the COVID-19 pandemic, when many investors were skeptical about Tesla's prospects.
Gates' short position was a significant one, and it's reported that he sold around 1.5 million Tesla shares at the time. This move was likely influenced by Tesla's stock price volatility and the overall market uncertainty.
Gates has since spoken publicly about his regrets over shorting Tesla, acknowledging that the company's electric vehicle production and innovation have been more successful than he anticipated.
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Elon Musk vs. Bill Gates
Elon Musk and Bill Gates have been embroiled in a long-standing feud over Tesla's stock performance.
The feud dates back to 2022, when Gates allegedly suffered a significant loss of $1.5 billion due to his wager against Tesla's stock performance.
Musk has accused Gates of placing a "massive bet" on Tesla's failure during a critical period for the electric vehicle manufacturer.
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Gates has not directly addressed the accusations, but Musk has continued to speak out against him.
In April 2022, Musk revealed a text exchange with Gates, where Gates confirmed that he still held a short position against Tesla.
Since then, Tesla's shares have surged by over 40%, leaving it unclear whether Gates still holds the position.
If Gates does still hold the position and Tesla's stock continues to surge, Musk warns that it could bankrupt him.
Gates has apologized to Musk over the incident, but the relationship has not improved.
Musk has even posted a meme appearing to mock Gates for his weight in the days following the text exchange revelation.
However, Musk has since announced that he is "moving on" from the topic.
In a recent statement, Musk said, "If Tesla does become the world's most valuable company by far, that short position will bankrupt even Bill Gates."
Gates has responded to Musk's claims by saying that he was "super mean" to him after learning about the short position.
Gates told author Walter Isaacson that Musk's behavior was typical of his treatment of many people.
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Musk's Stance on Shorting Tesla
Musk has been vocal about his disapproval of shorting Tesla's stock, calling it a "massive bet" against the company's success.
He claims that Bill Gates' alleged short position against Tesla could potentially bankrupt the Microsoft founder.
Musk has accused Gates of lacking self-awareness and hypocrisy for seeking his support for environmental causes while betting against Tesla.
Gates has not addressed these accusations, and Musk has continued to speak out against shorting Tesla's stock.
Musk has stated that if Tesla becomes the world's most valuable company by far, Gates' short position will bankrupt him.
To reach this point, Tesla's market cap would need to grow by 200% and surpass that of other major tech companies.
Gates has confirmed holding a short position against Tesla in a leaked text exchange with Musk, but it's unclear if he still holds the position.
Musk has asked Gates directly if he still has a half-billion-dollar short position against Tesla, and Gates has confirmed it.
However, Gates has also apologized to Musk over the incident, but the relationship has not improved.
Musk has refused to take Gates' philanthropy on climate change seriously due to his short position against Tesla.
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