Two famous figures in the world had an argument. Bill Gates, one of the richest people in the world and founder of Microsoft known for his philanthropic movement, with Elon Musk who is called the richest person on the planet and founder of Tesla and SpaceX. He also likes to tweet more than his colleagues.
Guess if they were Bill Gates and Elon Mask fighting, who would win?
Actually, the two have the same opinion about electric cars. Starting from usability, versatility, and needs. Even though when Gates bought an EV, he wasn't buying a Tesla, but instead one of his tech rival brands, Porsche. The moment led Musk to criticize him publicly, saying he was "disappointed."
Apart from that, what are the moments that put Bill Gates and Elon Musk in a feud?
1. Attitude During a Pandemic
Bill Gates has long warned the world, especially in forums with political leaders, about the possible disease, a biological virus, that will affect us all, given globalization and the lack of improvement in health around the world. In fact, he has been at the forefront of seeking global health solutions.
Because of this focus, since the Covid-19 crisis, Gates has been active in helping financially, supporting messages from international agencies, and being vocal about the evolution of the pandemic.
But Elon Musk's approach is somewhat of a contrast, even though the two have donated large sums of money in contributions to the fight against the Covid-19 pandemic.
Since the pandemic, Musk has downplayed the severity of the virus and opposed social isolation. In addition, he questioned the data on Covid-19-related deaths in 2020. The 50-year-old man also supports the unproven malaria drug hydroxychloroquine as a treatment for the virus.
Bill Gates finally commented on Musk, “He's not really involved in vaccines. He makes great electric vehicles. And the rocket works fine. So he feels allowed to say these things.”
Musk's response to Gates was one of saying that Gates was a "fool."
Another spat occurred when Gates discussed the advantages of owning an electric truck, without naming Tesla. And the founder's response was "you know nothing."
2. Bill Gates Has a Short Position at Tesla
Last April 2022, the argument broke out again, when Musk accused Gates of short selling Tesla stock. Musk said he has screenshots of text conversations showing himself turning down philanthropic offers because of the problem.
This text was shared on Twitter by an account called Whole Mars Catalog. He asked Musk to verify if it was true. The color of the text indicates that the screenshot was taken from Musk's device.
So apparently Bill Gates contacted @elonmusk to discuss “philanthropy on climate change” but Elon asked if he still had a half a billion dollar short position in $TSLA (codenamed Tesla stock)”
The first image appears to show text from the Microsoft founder confirming when the two will meet. Musk replied, "great."
Another screenshot then shows text, presumably from Gates, saying "just landed" which Musk responded to "cool."
"Do you still have a half a billion dollar short position against Tesla?" Musk asked.
"Sorry to say I haven't closed it yet," was the reply. "I would like to discuss the possibility of philanthropy."
But Musk wasn't interested. "Sorry, but I can't take your philanthropy on climate change seriously when you have a huge short position against Tesla, the company that is doing the most to tackle climate change," he said.
For information, according to the University of Nebraska, short selling is a technique used when investors anticipate the value of a stock will decrease in the short term, perhaps in the next few days or weeks.
In short, this investor sell transaction uses borrowed shares from investment companies to sell to other investors. Investment companies usually have large stocks of stock and can lend shares to investors.
Of course, investors end up having to return the shares they borrowed. The goal is to borrow stock to sell at a high price, then buy it back later at a lower price and return it to the stock broker.
3. Twitter Purchase Problem
After receiving a barrage of boos from Musk on Twitter after it was revealed he was still short in Tesla stock, Gates took issue with Twitter's purchase during The Wall Street Journal CEO Board Summit.
"He could actually make Twitter worse," Gates said at the event. "That's not his track record, his track record with Tesla and SpaceX is quite surprising by putting together a great team of engineers and bringing the people who work in that field in a less daring way and really showing it."
"I doubt it's going to happen this time around, but we have to be open-minded and never underestimate Elon," Gates added. "What's the purpose? Where does he talk about openness, how does he feel about something that says 'vaccines kill people' or 'Bill Gates tracks people' is that one of the things he thinks should be spread?”
Musk has pledged to change the strict content moderation policies implemented under Twitter's current leadership to re-emphasize free speech. The criticism of the Tesla CEO concerns his often contradicting opinions as evidence that he will allow more abusive, misinformation, harmful content to circulate under the pretext of 'freedom of speech'.
4. Invest in Bitcoin
Another topical issue has caused a difference of opinion. Gates doesn't trust cryptocurrencies, and is wary that comments from Elon Musk could make or break their value.
"If you have less money than Elon, you might have to be careful," he said.
Photo: AFP
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