Summary
- Elon Musk mentioned that the ongoing surge in Tesla stock could obliterate short sellers
- Bill Gates, who is one of the richest people in the world, has admitted to holding a short position in Tesla
- Tesla’s recent stock surge has been burning short sellers, with a 56% gain in the past month
- Musk and Gates have had a strained relationship, with Musk turning down a philanthropy discussion due to Gates’ short position in Tesla
- Musk warned that if Tesla becomes the world’s most valuable company, it could bankrupt even Bill Gates
Article
Elon Musk recently took to X to reveal that if Tesla’s stock surge continues, shorts everywhere, including Bill Gates, could face potential obliteration. As one of the wealthiest individuals in the world, Gates has admitted to holding a short position in Tesla, a move that could have significant financial implications given Tesla’s recent stock surge. With shares skyrocketing above the $400 level, short sellers have been feeling the heat for over a month.
Despite facing challenges from short sellers, Tesla has managed to reclaim its trillion-dollar market capitalization and secure the eighth spot as the most valuable company in the world. While Gates and Musk have had a complicated relationship, their interactions regarding philanthropy opportunities were strained when Musk discovered Gates still held a short position on Tesla. Musk firmly believes that Tesla is at the forefront of combating climate change, making a short position against the company risky.
Over the past month, as Tesla’s stock has continued to rise, short sellers have been experiencing significant losses. Some shorts have exited their positions, but others remain, including potential positions held by Gates. Musk has warned that if Tesla becomes the most valuable company globally, a short position against the company could lead to bankruptcy, even for someone as wealthy as Gates. Despite the uncertainty surrounding Gates’s current position on Tesla, Musk’s warning serves as a cautionary tale for those betting against the electric vehicle manufacturer.
Elon Musk’s statement on X underscores the potential financial consequences for Gates and other short sellers if Tesla’s stock surge persists. With Tesla’s stock price soaring in recent months, the company has solidified its position as one of the most valuable globally, potentially surpassing even Meta Platforms. Musk’s remarks shed light on the intense competition and financial risks associated with short selling Tesla, especially as the company continues to push boundaries in the electric vehicle industry and beyond.
As Gates remains silent about his current stance on Tesla, speculation continues to grow about the potential impact on his wealth if Tesla does become the most valuable company globally. Musk’s warning serves as a reminder of the volatile nature of the stock market and the risks associated with short selling. Regardless of Gates’s current position, Musk’s post has sparked discussions about the implications of Tesla’s stock surge on short sellers and the broader implications for the financial markets.
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