In April it was leaked that the founder of Microsoft undertook a short position against Tesla, a financial operation that is executed to obtain profits and avoid losses by selling an asset assuming that its value in the market will depreciate. Elon Musk, the world’s richest tycoon, criticized Bill Gates, number four on the list of the wealthiest, last Wednesday, accusing him of “playing” the market against the growth of Tesla’s shares.
Musk made this statement in a Twitter thread. Responding to a user who claimed she believed in him but not Gates, she wrote: “Since Gates is still short billionaire against Tesla, while claiming to help fight global warming, I guess I have some trust issues with him as well.”
When one of the Netizens asked why Musk was talking about a short multimillion dollar position if in April he declared that Gates had invested 500 million dollars, the tycoon affirmed that the part grew in parallel with the shares of the automobile company.
“It was 500 million, but then Tesla went up a lot, so now, to close the financial operation, [se necesitan] from 1,500 to 2,000 million dollars,” he tweeted.
Previously, Gates’ bearish reversal has already generated rejection from Musk. Thus, in the exchange leaked in April, the founder of Tesla refused to meet with the creator of Microsoft to discuss “philanthropic possibilities” around climate change. “Sorry, I can’t take your climate change philanthropy seriously when you have a massive short position against Tesla, the company doing the most to solve climate change,” Musk replied then.