Elon Musk reignites his long-standing feud with Bill Gates, accusing the tech mogul of holding a 'crazy short' position against Tesla for nearly a decade. This comes as Musk's short position against Gates has ballooned into a $1.5 billion loss. The Tesla CEO, fresh off the success of his $1 trillion pay package, takes a victory lap by highlighting Gates' prolonged short position. Musk's post on X, in response to a user comment, reignites the conflict, which dates back to 2022. Gates' short position against Tesla, reportedly worth $500 million, sparked a personal text and a heated exchange between the two billionaires. Musk's animosity towards Gates stems from his short position, which he deemed incompatible with Gates' claims of climate change philanthropy. Despite Gates' attempts to downplay the animosity, his short position has cost him dearly. Tesla's stock has surged by over 20% since April 2022, when the exchange between Gates and Musk was publicized, leaving Gates with a substantial loss. As Musk solidifies his status as the world's richest man with a net worth of $431 billion, the ongoing feud between him and Gates continues to captivate the business world.
