A Risky .3 Billion Bet on the Downfall of Tesla and Elon Musk

A Risky $3.3 Billion Bet on the Downfall of Tesla and Elon Musk

Elon Musk doesn’t like investors and financiers betting on Tesla’s stock market crash.

Last May, the richest man in the world attacked Bill Gates, who was previously the richest man in the world, because Microsoft (MSFT) co-founder had a $500 million short position against Tesla (TSLA) . Selling stocks short is a bet that the price will go down.

“Sorry, but I can’t take your climate change philanthropy seriously when you have a huge short position against Tesla, the company that does the most to solve climate change,” Musk recently wrote to Gates. It was the end of an argument the two billionaires were having about working together for common causes.

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