Business Standard

Elon Musk says Bill Gates has 'multi-billion dollar' Tesla short position

Bill Gates has a short position against Tesla Inc. that would now need between $1.5 billion and $2 billion to close out, Elon Musk said

Tesla CEO Elon Musk (left), Microsoft co-founder Bill Gates (right). (Photo: Bloomberg)
Premium

Tesla CEO Elon Musk (left), Microsoft co-founder Bill Gates (right). (Photo: Bloomberg)

Sophie Jackman | Bloomberg
Bill Gates has a short position against Tesla Inc. that would now need between $1.5 billion and $2 billion to close out, Elon Musk said Friday in a series of tweets.

Musk said the position was $500 million and grew after Tesla “went up a lot.”

When asked last year on CNBC whether he was short Tesla, Gates said, “I don’t talk about my investments.”

Musk was replying to tweets after the close of his Twitter poll asking who respondents trust less -- politicians or billionaires. More than 75% said they had less trust in politicians.


Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 28 2022 | 8:33 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com