Why Elon Musk took aim at Bill Gates on Twitter

Why Elon Musk took aim at Bill Gates on Twitter

Why Elon Musk took aim at Bill Gates on Twitter

Elon Musk mocked Bill Gates on social media by comparing him to a pregnant man emoji after accusing the Microsoft co-founder of shorting Tesla shares while declaring his commitment to fighting climate change.

Musk claimed on Friday that he exchanged text messages with Gates, who he said wanted to “discuss philanthropy opportunities” with the Tesla and SpaceX boss. Musk added that he was in no mood to collaborate with Gates after the software pioneer confirmed he “did not close” his $500 million short position in Tesla.

“Sorry, but I can’t take your climate change philanthropy seriously when you have a massive short stance against Tesla, the company doing the most to solve climate change,” Musk emailed Gates.

Musk, who is reportedly close to closing a deal to acquire Twitter, tweeted that the texts were obtained by The New York Times, although the newspaper did not report on them.

The text message exchange was posted by a pro-Musk Twitter account, @wholemarsblog, run by Omar Qazi.

Musk claimed on Twitter that Gates shorted Tesla by half a billion dollars.
Musk claimed on Twitter that Gates shorted Tesla by half a billion dollars.
Rick Davis / SplashNews.com

Qazi and Musk are co-defendants in a defamation and harassment lawsuit brought by Aaron Greenspan, the founder of the public records database Plainsite. Greenspan is a vocal short seller at Tesla who criticized Musk.

The Post has reached out to Gates representatives for comment.

Holding a short position, or “short selling,” is when an investor bets that a company’s stock price will fall.

Last year, Gates told The Times: “It’s important to say that what Elon has done with Tesla is one of the greatest contributions to climate change anyone has ever made. And you know, underestimating Elon is not a good idea.

An investor who sells a stock short makes a profit if the value of the stock falls. The investor borrows shares of an asset and then resells the borrowed shares to buyers at the market price.

The investor sells it with the intention of buying it back later for less money.

But Gates added that switching to electric vehicles would have little impact on the fight against climate change.

He said what Tesla was doing was “easy things, like passenger cars.”

“We don’t do enough on the hard stuff: steel, cement, meat,” Gates told The Times.

“And unfortunately the things that people think about – electricity, passenger cars – are a third of the problem, so you have to work on two-thirds.

“If you only pay attention to these short-term measures, and not to green premiums at all levels, you miss the longest time frame, which is the most difficult.”

After learning that Gates had purchased an all-electric Porsche rather than a Tesla, Musk tweeted in 2020, “My conversations with Gates have been disappointing.”

Musk and Gates also went back and forth after the philanthropist hit out at Musk for his comments dismissing the coronavirus pandemic.

Musk wondered how Gates could commit to climate change while betting on Tesla failing.
Musk wondered how Gates could commit to climate change while betting on Tesla failing.
Getty Images

“Elon’s positioning is to keep the level of outrageous comments high,” Gates, whose charity has worked to help develop a vaccine and improve disease surveillance, told CNBC in July 2020. .

“He is not very involved in vaccines. He makes a great electric car. His flares work well, so he’s ok to say those things. I hope he doesn’t confuse too much the areas in which he is not too involved.

In response, Musk joked, “Billy G is not my lover” – presumably a play on the lyrics to Michael Jackson’s hit “Billy Jean”.

“The rumor that Bill Gates and I are lovers is completely untrue,” Musk tweeted.

#Elon #Musk #aim #Bill #Gates #Twitter

Tags: , , , , , , , , , , ,

Leave a Reply

Your email address will not be published.