More On: Bill Gates
Phoebe Gates, daughter of Bill Gates, has received racist remarks after sharing a photo with an alleged boyfriend
'There's a difference between electric cars being adopted, and companies becoming infinitely valuable.' Gates said
In response to Elon Musk's accusations that he is shorting Tesla stock, Bill Gates believes that such a position is just an investment and not a move against helping to tackle climate change. Bill Gates:
In a tweet last week, Elon Musk accused Microsoft billionaire Bill Gates of placing a half-billion dollar wager on the electric-car company's stock.
According to a leaked text message between Tesla CEO Elon Musk and Gates, who claims to be authentic, Musk asked Gates if he was still shorting the stock. That is what Gates told Musk, and that is why the two of them should talk about philanthropy. The request was flatly rebuffed by Musk.
Tesla CEO Elon Musk reportedly texted back: "Sorry, I cannot take your generosity on climate change seriously when you have a big short position against Tesla, the company doing the most to tackle climate change."
But in an interview with the BBC on Wednesday, Gates said that his bet against Tesla is unrelated to his backing for environmentally friendly initiatives and government policies.
This has nothing to do with global warming," he says. In an interview, Gates noted, "I have means of diversifying."
He said that he wasn't opposed to the rise of electric automobiles merely because he was betting against Tesla.
Competition for selling electric automobiles will increase as a result of their growing popularity. A company that becomes eternally valuable is not the same as an electric car being adopted, he explained to the BBC.
There is a long history of strained ties between Musk and Gates, and Musk has often insulted Gates on Twitter.
Tesla CEO Elon Musk tweeted that his meetings with Bill Gates had been "underwhelming tbh" following Gates' concerns about Tesla's range and price in a 2020 video with YouTuber Marques Brownlee.
Recent tweets from Tesla and SpaceX CEO Elon Musk, who has taken over Twitter, include a picture with Gates and an emoji of a pregnant guy, stating, "in case u need to lose a boner fast."
Mark Zuckerberg has urged Tesla CEO Elon Musk to tone down his anti-vaccine rhetoric and focus on electric vehicles and rockets, according to a CNBC interview that will air in July 2020. After Gates criticized Musk for his lack of vaccine experience in a New York Times podcast, Tesla CEO Elon Musk responded by calling Gates a "knucklehead." Gates has also been criticized by Tesla CEO Elon Musk on Twitter over his support for vaccines.
Earlier this week, Musk stated he was done with his tirade against Bill Gates for shorting Tesla stock in a Twitter post. However, Gates appears unfazed.
On the BBC, Gates said: "There is no need for him to be polite to me."
Because of their enormous fortune, the arguments and insults between the two men have gotten a lot of attention. 2020 saw Musk overtake Gates as the second-richest person on Earth and eventually surpass Amazon founder Jeff Bezos to become the world's richest person. Bloomberg's Billionaires Index ranks Tesla CEO Elon Musk as the world's richest person, with Bill Gates a close second at No. 4. Most of Bill Gates' fortune will be donated during his lifetime, as he promised.