may be musk van be rich but can not be like mr. gates. he is a Hero for poor and needy people. while musk is a selfish and self centered person.
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š„Bill Gates Could Go Bankrupt If Tesla Stock Surges 200% To Become The Top Company, Says Elon Musk
TSLA CEO Elon Musk quipped on X that Microsoft Corp. MSFT co-founder Bill Gates could face bankruptcy if Tesla becomes āthe worldās most valuable company by far,ā escalating their long-running dispute over Gatesā short position in the electric vehicle maker. What Happened: The statement comes as Teslaās market capitalization stands at $1.251 trillion, still significantly behind Apple Inc. AAPL at $3.729 trillion. To achieve the top position, Tesla would need to grow by nearly 200%. The conflict between the two billionaires stems from Gatesā undisclosed short position in Tesla stock, which reportedly resulted in a $1.5 billion loss for Gates, according to Walter Isaacsonās 2023 biography of Musk. When confronted about the investment during a 2021 CNBC interview, Gates declined to comment on his positions but praised Teslaās achievements, stating, āWhat Elonās done with Tesla is fantastic.ā The tension peaked during a March 2022 meeting at Teslaās Austin factory, where Gates and Musk discussed philanthropy and climate change. According to Isaacsonās book, Gates apologized for the short position, but Musk remained unplacated, viewing it as hypocritical for someone concerned about climate change to bet against an electric vehicle company. āHow can someone say they are passionate about fighting climate change and then do something that reduced the overall investment in the company doing the most?ā Musk told Isaacson. What Happened: Despite their differences, Gates has publicly acknowledged Muskās contributions, stating at a Washington D.C. dinner that āthere is no one in our time who has done more to push the bounds of science and innovation than he has.ā Teslaās stock has surged 56.91% this year, driven by President-elect Donald Trumpās victory in the 2024 election and Muskās growing relationship with Trump, which also led to Tesla CEO being nominated to lead the newly formed Department of Government Efficiency. Tesla would need to surpass tech giants like Microsoft, Meta Platforms Inc. META, Alphabet Inc. GOOG GOOGL, and NVIDIA Corp. NVDA, along with Saudi Aramco, to become the worldās most valuable company. Currently, Musk leads the global wealth rankings with a net worth of $376 billion, while Gates ranks sixth at $166 billion, according to the Bloomberg Billionaires Index. #MarketCorrection
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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