Particle.news
Download on the App Store

Musk Urges Gates to Close Tesla Short After Foundation's Big Microsoft Stock Sale

The fresh warning follows filings that the Gates Foundation sold about 65% of its Microsoft stake for roughly $9 billion.

Overview

  • On Sunday, Elon Musk posted on X that if Bill Gates has not fully closed the "crazy short position" against Tesla held for about eight years, he should do so soon.
  • Gates acknowledged a Tesla short in 2022 text messages to Musk, but he has not publicly confirmed whether the position still exists.
  • Walter Isaacson’s biography reported the bet was around $500 million and about $1.5 billion underwater when Tesla traded near $400 per share.
  • Tesla shares recently hovered around $404, below an early‑November peak yet higher over the past year and five years, highlighting the risk to a short seller.
  • The renewed jab lands shortly after Tesla shareholders approved Musk’s new $1 trillion compensation plan with roughly 76.6% support.