Elon Musk made a bold statement this morning on X, revealing that if Tesla’s stock surge continues to a certain level, shorts everywhere, including billionaire Bill Gates, would be obliterated. Gates, who is one of the wealthiest individuals in the world with a net worth of $108 billion, has admitted to Musk that he holds a short position in Tesla.
Tesla’s recent stock surge has been causing havoc for short sellers for over a month, with shares skyrocketing above the $400 level. The company has regained its trillion-dollar market capitalization and is now the eighth-most valuable company in the world, just behind Meta Platforms.
The relationship between Musk and Gates has been rocky, with Gates wanting to discuss philanthropy opportunities with Musk in the past. However, Musk declined the offer when he found out that Gates still held a short position on Tesla, a company that Musk believes is leading the charge in solving climate change.
Short sellers have been feeling the heat as Tesla continues its climb up Wall Street, gaining nearly 56 percent since President-elect Donald Trump’s victory. While some shorts have exited their positions, others, including Gates, may still be holding on. Musk warned that if Gates still maintains a bet against Tesla and the company becomes the most valuable in the world, it could lead to bankruptcy for Gates.
Gates has remained silent on the topic of Tesla in recent times and has not disclosed whether he still holds a short position against the company. Musk’s statement on X serves as a warning to all short sellers, especially high-profile individuals like Gates, who may face significant financial consequences if Tesla’s stock surge persists.
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