"Elon Musk is apparently still not over the fact that Bill Gates bet against Tesla, even as his multi-million-dollar short has ballooned into a $1.5 billion loss. The Tesla CEO, on a victory lap after shareholders approved his massive $1 trillion pay package, demonstrated his feud with Gates is alive and well-years after it started. "If Gates hasn't fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon," said Musk in a Sunday post."
"The post, in reply to an anonymous user commenting on the Gates Foundation's offloading of Microsoft stock, breathes new life into Musk's conflict with Gates, which dates back to 2022. Gates reportedly shorted, or bet against, Tesla's stock to the tune of $500 million, earning him a personal text from Musk and "super mean" behavior, Gates said in a later interview with Musk biographer Walter Isaacson."
""Sorry, I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla, the company doing the most to solve climate change," he said in a message at the time. He followed up with a post on X making fun of Gates' weight. Gates for his part said the short, "has nothing to do with climate change. I have ways of diversifying," he told the BBC."
Elon Musk publicly criticized Bill Gates for maintaining a multi-year short position against Tesla and urged Gates to close it. Gates reportedly held roughly a $500 million short that expanded into about $1.5 billion in losses as Tesla's stock surged. The exchange included Musk sending a pointed text, mocking Gates online, and questioning Gates's climate philanthropy while Gates said the short was a diversification move. The dispute traces to 2022 and resurfaced amid Musk celebrating a large shareholder-approved pay package and attention to Gates Foundation stock moves.
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