TL;DR: In a sequence of leaked texts, Elon Musk apparently rejected having philanthropic talks with fellow billionaire Invoice Gates due to the latter’s half-billion-dollar brief place on Tesla. Musk confirmed the authenticity of those texts, however claimed he did not leak them himself.
On Friday, Elon Musk confirmed that he confronted Invoice Gates about shorting Tesla inventory. The leaked screenshots of texts between the 2 billionaires had been shared on Twitter, asking Musk in the event that they had been real.
In these screenshots, the Tesla CEO overtly requested Gates if he nonetheless held a $500 million brief place towards Tesla. Gates admitted that he hadn’t closed it out, including that he wish to focus on philanthropic potentialities.
Invoice mentioned he hasn’t closed it out, so Elon advised him to get misplaced. No thought if that is true lol pic.twitter.com/iuHkDG3bAd
— Entire Mars Catalog (@WholeMarsBlog) April 22, 2022
Musk shortly turned down this request, claiming that he cannot take Gates’ view of local weather change severely whereas he is holding a brief place towards Tesla. Based on him, the corporate was doing probably the most to resolve local weather change.
Brief promoting sometimes signifies that an investor or dealer sells shares they’ve borrowed, intending to purchase them again later at a lower cost. By doing this, they’re primarily betting that the asset’s worth will go down.
Musk claimed that the screenshots had been actual, though he denied leaking them himself. It is unknown when this trade came about, though it is value noting that Musk first talked about Invoice Gates shorting Tesla inventory over a yr in the past on the Joe Rogan podcast.
Yeah, however I did not leak it to NYT. They should have received it by way of mates of mates.
I heard from a number of individuals at TED that Gates nonetheless had half billion brief towards Tesla, which is why I requested him, so it is not precisely prime secret.
— Elon Musk (@elonmusk) April 23, 2022
Elon Musk later tweeted a meme supposed to mock Gates.
The 2 billionaires have overtly feuded previously, disagreeing about matters reminiscent of Covid-19, colonizing Mars, and cryptocurrencies. Musk additionally tweeted in 2020 that his conversations with Gates have been underwhelming, so it is clear the 2 aren’t on greatest phrases.