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Elon Musk says he confronted Bill Gates about shorting Tesla
CNBC ^ | 23 April 2022 | Joanna Tan

Posted on 04/23/2022 3:59:24 AM PDT by zeestephen

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As of Friday close, 2.45% of Tesla shares have been sold short. The current dollar value of total short sales is more than $25 billion. The total stock value of Tesla is slightly more than $1 trillion.

An alleged text exchange between Musk and Gates has been published on the Internet.

Musk seems to say that the texts are real, but he [Musk] did not leak them.

Here is the alleged text exchange...

In the text exchange, which couldn't be independently verified by CNBC, Musk asked Gates: "Do you still have a half billion dollar short position against Tesla?"

To which Gates replied: "Sorry to say I haven't closed it out. I would like to discuss philanthropy possibilities."

Musk shot back: "Sorry, I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla, the company doing the most to solve climate change."

1 posted on 04/23/2022 3:59:24 AM PDT by zeestephen
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To: zeestephen

Must see Elon Tweet: https://twitter.com/elonmusk/status/1517707521343082496


2 posted on 04/23/2022 4:00:32 AM PDT by Tea Party Terrorist (Eat the Rich)
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To: Tea Party Terrorist

ROTFL!


3 posted on 04/23/2022 4:18:15 AM PDT by NetAddicted (Just looking)
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To: zeestephen

Elon wants his money. Nothing wrong with that.


4 posted on 04/23/2022 4:18:56 AM PDT by Artemis Webb (Be kind to each other, unless the other guy is a dumbass.)
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To: zeestephen

Musk can’t both be a “genius”—and actually believe the CC crap.


5 posted on 04/23/2022 4:19:58 AM PDT by 9YearLurker
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To: zeestephen

If in fact Gates did short Tesla stock, we do not know when that transaction (or multiple transactions) took place.

Tesla peaked in November 2021 at more than $1,200 a share.

Its Price/Earnings ratio at that time was at least a staggering 250!

Then, Tesla briefly crashed all the way back down to $700 in February 2022.

Since that low, it has rallied back strongly to $1,000 a share.

Based on the alleged comments that Bill Gates made, Gates seems to indicate that he has made money on the Tesla short, and that he wants to donate that profit to a charity.


6 posted on 04/23/2022 4:27:00 AM PDT by zeestephen
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To: zeestephen

I hope Gates is upside down on the open shorts.


7 posted on 04/23/2022 4:31:16 AM PDT by tired&retired (Blessings )
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To: zeestephen

I think the charity and the stock positions are two different things.


8 posted on 04/23/2022 4:33:18 AM PDT by Fido969 (45 is Superman!)
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To: zeestephen

Gates SHORTS AMERICA!!! He is a NUTCASE LEFTY!


9 posted on 04/23/2022 4:38:32 AM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: zeestephen

Hey Elon.....what are you going to do when the batteries have to be replaced....where do you dump the old ones??


10 posted on 04/23/2022 4:39:21 AM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: Ann Archy

Yup, look at his parents... if it wasn’t for his mom, Microsoft wouldn’t exist..


11 posted on 04/23/2022 4:43:24 AM PDT by Article10 (Roger That)
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To: zeestephen

Musk I think wants to do things more safely and change and make things we are already doing cleaner for environment.

Maybe gates is planning his own electric cars and knows he can get the government contracts and has a plan to put musk out. We have a bunch of really rich people trying to take each others money..


12 posted on 04/23/2022 4:52:22 AM PDT by glimmerman70
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To: Fido969
Re: "I think the charity and the stock positions are two different things."

I disagree.

Gates says he is sorry he has not closed his short position.

That means Gates is sarcastically saying that he thinks Tesla will continue to go down in the future, but, because he [Gates] is a nice guy, he will give his short profits to charity.

13 posted on 04/23/2022 4:53:30 AM PDT by zeestephen
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To: zeestephen

I think he was soliciting Musk for a charitable contribution for one of his pet philanthropies, and Musk said I won’t deal with you if you’ve shorted my company.


14 posted on 04/23/2022 4:57:58 AM PDT by Fido969 (45 is Superman!)
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To: zeestephen

I’m not sure why Musk even cares about this. Gates’s position is a tiny percentage and if Tesla keeps going higher in the years to come Gates will be punished.


15 posted on 04/23/2022 4:59:52 AM PDT by BiglyCommentary
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To: zeestephen

Gates is jealous.

Musk is his better in so man respects

Gates should keep a close eye on his back


16 posted on 04/23/2022 5:01:08 AM PDT by bert ( (KE. NP. N.C. +12) Promoting Afro Heritage diversity will destroy the democrats)
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To: Tea Party Terrorist

BRILLIANT!


17 posted on 04/23/2022 5:02:53 AM PDT by Samurai_Jack (This is not about hypocrisy, this is about hierarchy!)
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To: Fido969

When a population controller talks philanthropy, what does he say?


18 posted on 04/23/2022 5:05:19 AM PDT by ClarityGuy
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To: Ann Archy

Well, your anti EV bigotry is pissing in the wind

Musk not only is but dominates. His profits were $23 billion last quarter


19 posted on 04/23/2022 5:06:11 AM PDT by bert ( (KE. NP. N.C. +12) Promoting Afro Heritage diversity will destroy the democrats)
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To: bert
Re: "His profits were $23 billion last quarter"

Sounds a bit high to me.

Tesla profits were just $3.3 billion in 2022 Q1 (Page 23).

https://tesla-cdn.thron.com/static/IOSHZZ_TSLA_Q1_2022_Update_G9MOZE.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q1-2022-Update.pdf%22

20 posted on 04/23/2022 5:28:31 AM PDT by zeestephen
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