Musk Claims Gates' Tesla Short Position May Have Cost Over $10 Billion

Deep News12-18 08:31

A user on platform X shared the latest global billionaire rankings and commented: "Had Bill Gates not followed Warren Buffett's advice to sell his Microsoft shares for diversification, he would be the world's first trillionaire—worth twice Elon's wealth."

Elon Musk responded: "Bill Gates held a massive short position against Tesla—1% of our total shares—which may have cost him over $10 billion by now."

In 2022, Musk revealed that Gates had bet $500 million against Tesla in 2018, undermining retail investor confidence during a critical period for the company.

Last month, Musk posted that if Gates hadn't fully closed his nearly eight-year Tesla short position, he should do so as soon as possible.

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