Elon Musk Criticizes Bill Gates Over Persistent Tesla Short Position
Elon Musk has reignited his feud with Bill Gates, publicly chastising the Microsoft co-founder for maintaining a short position against Tesla. Musk labeled the eight-year bet "crazy" in a social media post, urging Gates to close it immediately. The comments follow reports that the Bill & Melinda Gates Foundation Trust liquidated 65% of its Microsoft shares, netting $8.8 billion in profits.
Tesla's stock has climbed 19% over the past year, amplifying Musk's criticism. This marks the latest chapter in a years-long rivalry between the billionaires—Gates reportedly lost $1.5 billion on his Tesla short in 2022. Musk previously warned the position could jeopardize Gates' philanthropic funds if Tesla becomes the world's most valuable company.