Bill Gates Tesla price warning annoys Elon Musk
Tesla boss, Elon Musk has a history of engaging in keyboard wars on social media outlet Twitter with many notable names but one of the most infamous is his ongoing spat with Bill Gates.
It all supposedly kicked off in July 2020, the CEO of Microsoft suggested on CNBC's Squawk Box that Musk should reduce the number of controversial vaccination comments he makes and instead concentrate on developing electric cars and rockets.
Earlier this year in a tweet published, Elon Musk accused the billionaire co-founder of Microsoft, Bill Gates of placing bets up to half a billion dollars that the Tesla stock price would decline.
According to reports, In a text exchange Elon Musk sent Bill Gates the following message, "Sorry, I cannot take your altruism on climate change seriously when you have a big short position against Tesla, the company doing the most to tackle climate change."
Bill Gates responded to Elon Musk by stating that shorting Tesla does not entail betting against the future of the environment or the electric automobiles industry.
Gates says shorting Tesla is just one of his many investments
In an interview with the BBC, Gates stated that his wager against Tesla has nothing to do with his advocacy for environmentally friendly initiatives and policies at the government level.
"Climate change has absolutely nothing to do with it. I have various avenues for diversification", he stated in the interview.
The growing market share of electric vehicles will inevitably give rise to increased levels of market competitiveness. There is a distinction between consumers adopting electric cars and businesses reaching their maximum potential value.
In an interview with French Youtuber Hugo Décrypte, Bill Gates mentioned he has invested a significant amount in sustainable finance to support companies that solve environmental and social issues.
"I give a lot more to climate change than Elon or anyone else," Gates said. "I give a lot of philanthropic dollars, I back companies - you know electric cars are about 16% of emissions, so we also need to solve that other 84%."
It is worth noting that Bill Gates plans to donate virtually all of his wealth to the Bill and Malinda Gates foundation, a non-profit dedicated to fighting poverty, disease and inequity around the world.
Both men have contributed towards creating revolutionary technologies that have made the world a better place. This just show no matter how smart or successful people may be, personalities will always clash.
Author: Hassan Alzaza
My Name is Hassan Al-Zaza, I am a detail-driven and experienced SEO Content Writer living in Germany with over ten years of experience developing and producing top-notch content. I have a Bachelor's degree in English Language and Literature and a Master's in Business Communication. I have been working for 12 years in marketing, Content Writing, and ad Copywriting across SMEs, corporate, and public sector organizations in the EU and the Middle East region. I helped build brands for a wide range of successful companies from IT and software consultancies to the finance industry, tourism, and retail.