Musk Warns Gates to Exit Tesla Short as Stock Consolidates
Elon Musk has publicly urged Bill Gates to close his longstanding short position against Tesla Inc., intensifying a years-long rivalry between the two billionaires. Gates reportedly maintains a $500 million bet against the electric vehicle maker despite Tesla's 150% five-year rally.
The warning coincides with technical consolidation in Tesla shares, currently trading at $404.35 between key support at $380 and resistance at $430. Market participants await clearer directional signals as Ark Invest uncharacteristically reduced its Tesla exposure through four consecutive sales.
Gates' foundation recently liquidated 65% of its Microsoft holdings, raising nearly $9 billion. Musk's admonition suggests the Tesla CEO views short positions as fundamentally misaligned with the company's growth trajectory, particularly from prominent tech figures.
