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Musk rebuffs Bill Gates climate change philanthropy meeting because Microsoft founder is short TSLA

Elon Musk told Bill Gates that he can't take his climate change philanthropy seriously if he is short Tesla stock.

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Happy Earth Day 2022, Shacknews. I got you something special in the form of a hilarious story about Elon Musk and Bill Gates. In a leaked conversation between the two technology billionaires, Tesla's CEO rejected an invitation to discuss climate change philanthropy with Microsoft's Co-founder. The reason? Gates is short TSLA stock. Musk confirmed this conversation was real on Twitter.


Here's a breakdown of a leaked text message conversation between Gates and Musk:

Bill Gates: Just landed.

Elon Musk: Cool

Elon Musk: Do you still have a half a billion dollar short position against Tesla?

Bill Gates: Sorry to say I haven't closed it out.

Bill Gates: I would like to discuss philanthropy possibilities.

Elon Musk: Sorry, but 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.

Text message from Elon Musk to Bill Gates that reads Sorry, but 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.
Screenshot of Musk's text message reply to Bill Gates.

Musk says that he did not leak this conversation to the NY Times, and that it probably came from friends of friends. Tesla's CEO became aware of Gates' half a billion dollar short TSLA position at the TED talk he attended last week saying that "it's not exactly top secret." Tesla just reported record earnings results, and the stock's massive run over the past decade has left many short sellers licking their wounds for years. 

Tesla's monthly chart showcases just how wrong short sellers have been about the EV company over the long run.
Tesla's monthly chart showcases just how wrong short sellers have been about the EV company over the long run.

Some other important information we have gained from this text message interaction is that Bill Gates uses an Android smartphone while Musk still rocks an iPhone. Some of Musk's seemingly unhinged tweets from earlier today now make a whole lot more sense.

Musk is truly mixing it up with a lot of different entities and billionaires this week, as he prepares a tender offer to acquire Twitter. Today's chaotic Elon news definitely skews to the more amusing side, so let's take the win and call it an Earth Day.


This article is only meant for educational purposes, and should not be taken as investment advice. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.

Full Disclosure:

At the time of this article, Shacknews primary shareholder Asif A. Khan, his family members, or his company Virtue LLC had the following positions:

Long Tesla via TSLA shares

Short Tesla via out-of-the-money TSLA put options

Luminary

Asif Khan is the Luminary and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

From The Chatty
    • reply
      April 22, 2022 10:13 PM

      Let’s hope Musk does some good with his fortune like Gates is doing in his later years because right now he’s certainly giving his best effort to outdoing the villain version of Gates and out Trump Trump and it’s not fun to watch.

    • reply
      April 23, 2022 1:02 AM

      God Musk is such a fucking tool.

      • reply
        April 23, 2022 1:42 PM

        He sucks so much, why can’t we have a worlds richest person that’s awesome

      • reply
        April 23, 2022 2:03 PM

        You can say that again! lol

        • reply
          April 23, 2022 2:16 PM

          I replied to his tweet saying as much, so I already did lol.

      • reply
        April 23, 2022 3:48 PM

        He really is. I like the part where he insist that Tesla is the company that has contributed the most to climate change. What a huge douche nozzle.

      • reply
        April 23, 2022 1:28 PM

        What the hell man. How is he posting that shit?

        • reply
          April 23, 2022 1:33 PM

          He’s desperate for attention

        • reply
          April 23, 2022 2:39 PM

          He’s always been a garbage person. Literally nothing has changed.

      • reply
        April 23, 2022 1:44 PM

        LOL what a shitpost. 900k likes. Just a Twitter genius

    • reply
      April 23, 2022 2:11 PM

      Keep buying those Teslas

    • reply
      April 23, 2022 2:31 PM

      Wow, it took me way too long to realize this wasn't a satirical article.

    • reply
      April 23, 2022 2:45 PM

      What the hell is with this shorts bullshit? Who bets against a company? Sounds like something Smaug would do — just not content with billions, but feels the need for sitting on a larger pile of cash.

      Shorting companies should be illegal. Seriously.

      • reply
        April 23, 2022 2:48 PM

        I mean, its an important tool to mitigate equity bubbles and punish bad corporate governance. Shorting has its place, but ofc this is a place within a massive casino around global financial markets so take that as you will.

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          April 23, 2022 2:51 PM

          It all seems super shitty if you asked me. Shorting something generates no jobs, it creates nothing useful, and does nothing but encourage someone to badmouth a company or product for profit and it sounds shady as hell.

          • reply
            April 23, 2022 3:06 PM

            I mean, that isn't what shorting does. Leverage buyouts like the ones that investment firms like KKR does, those are actually evil

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            April 23, 2022 3:55 PM

            I would argue stock seems shitty in general. Buying stock doesn't really create jobs, doesn't really create anything useful, and does nothing but encourage someone to buy nothing so the company can profit. (And yes I realize selling stock raises capital for a company to invest but it seems most of it is invested in management salaries and CEO parachutes and marketing to sell more stock. The product the company produces, if any, is almost irrelevant to stock performance)

      • reply
        April 23, 2022 4:49 PM

        I think that short selling has its place in the stock market, but the lack of regulation is the problem. Naked shorting is how we got GameStop above 100% short interest last year, and the lack of an Uptick Rule opened the door to unrepentant shorting of banks in 2008 that lead to capital requirement issues.

        To your point, why does Bill Gates need to short anything? Dude has so much money already, and you could argue he actually lost money that could have gone to charity if he was not short TSLA.

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