Elon Musk accuses Bill Gates of shorting Tesla on Twitter, then mocks him
On Saturday, Tesla CEO Elon Musk took to Twitter to insult Microsoft founder Bill Gates by sharing a post comparing the latter to the pregnant man emoji with the caption "in case u need to lose a boner fast." The tweet was a response to accusations made the previous day by the SpaceX entrepreneur that Gates was shorting Tesla after leaked texts surfaced of him turning down a philanthropic opportunity with Gates.
in case u need to lose a boner fast pic.twitter.com/fcHiaXKCJi— Elon Musk (@elonmusk) April 23, 2022
On Friday, a Twitter user asked the Tesla chief whether the leaked texts were real to which Musk replied: "Yeah, but I didn't leak it to NYT. They must have got it through friends of friends."
He then added: "I heard from multiple people at TED that Gates still had half-billion short against Tesla, which is why I asked him, so it's not exactly top secret." This is likely what resulted in the offensive tweet of Saturday morning.
The leaked texts showed the following conversations between the two powerful men:
"Do you still have a half-billion-dollar short position against Tesla?" texted Musk.
"Sorry to say I haven't closed it out. I would like to discuss philanthropy possibilities," Gates replied.
Musk fired back: "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."
So apparently Bill Gates hit up @elonmusk to discuss “philanthropy on climate change” but Elon asked if he still had a half billion dollar short position on $TSLA.— Whole Mars Catalog (@WholeMarsBlog) April 22, 2022
Bill said he hasn’t closed it out, so Elon told him to get lost. No idea if this is true lol pic.twitter.com/iuHkDG3bAd
Shorting a stock is a reference to when investors are betting that the price of the asset will fall. IE could not verify whether this text exchange between Gates and Musk was real.
However, in the past, Gates has often flattered Musk. In an NYT opinion piece published last year, he said: "It's important to say that what Elon did with Tesla is one of the greatest contributions to climate change anyone's ever made. And you know, underestimating Elon is not a good idea."