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Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk joked X that Microsoft Corp. (NASDAQ:MSFT) co-founder Invoice Gates might face chapter if Tesla turns into “by far essentially the most useful firm on this planet”, intensifying their long-running dispute over the Gates affair. short position in electric vehicle maker.
What occurred: This assertion comes as Tesla’s market capitalization stands at $1.251 trillion, nonetheless considerably behind. Apple Inc. (NASDAQ:AAPL) to $3.729 trillion. To succeed in the highest spot, Tesla would wish to develop practically 200%.
The battle between the 2 billionaires stems from Gates’ undisclosed brief place in Tesla inventory, which reportedly resulted in a $1.5 billion loss for Gates, in accordance with Walter Isaacson’Musk biography in 2023.
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When confronted about investing throughout a CNBC 2021 interviewGates declined to touch upon his positions however praised Tesla’s achievements, saying: “What Elon has completed with Tesla is improbable. »
Pressure got here to a head throughout a March 2022 assembly at Tesla’s Austin manufacturing unit, the place Gates and Musk mentioned philanthropy and local weather change. In accordance with Isaacson’s e book, Gates apologized for the brief place, however Musk remained unmoved, contemplating it hypocritical for somebody involved about local weather change to guess in opposition to an electrical automobile firm.
“How can somebody say they’re enthusiastic about preventing local weather change after which do one thing that reduces general funding within the firm that is doing essentially the most? Musk instructed Isaacson.
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What occurred: Regardless of their variations, Gates has publicly acknowledged Musk’s contributions, saying at a dinner in Washington DC that “nobody in our time has completed greater than him to push the boundaries of science and innovation.”
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