By holding a short position against Tesla, Inc. (NASDAQ: TSLA), Bill Gates irritated Tesla CEO Elon Musk.
Musk refused to cooperate with Gates on philanthropy or climate change efforts, according to a conversation between the two that was published on Twitter in April, as Gates tried to profit from a drop in Tesla stock. According to the Tesla CEO, this is in direct opposition to Gates' commitment to combat climate change, and he should be supporting Tesla's electric vehicle development.Gates was questioned if Musk is correct in his attitude in an interview with the French YouTube channel "Hugo Decrypte" that aired on Thursday.
Gates answered with the following statement. Tesla has plenty of cash on hand and has done a "great job." He also praised the company's automobiles.
Bill Gates discusses Elon Musk's Twitter purchase in this video.The founder of Microsoft Corporation (NASDAQ: MSFT) stated that he contributes significantly more money to climate change efforts than Musk or anyone else.
Cars account for only 16 percent of emissions, according to Gates, and the remaining 84 percent must be addressed as well. Musk has "done a fantastic job," he conceded.
"Shorting his stock in no way slows or harms him," Gates continued.
Gates' Tesla short bet may have increased, Musk suggested in a Twitter discussion with his fans late last month, adding the latter would require $1.5 billion to $2 billion to cover the short position
According to Benzinga Pro, Tesla finished the Friday session down 9.22% at $703.55.
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