Elon Musk Carps Anew On Bill Gates' $2B Short Position On Tesla

Bill Gates has a short position against Tesla Inc. that would now need between $1.5 billion and $2 billion to close out, Elon Musk said Friday in a series of tweets, Sophie Jackman reported for Bloomberg.

Photo Insert: When asked last year on CNBC whether he was shorting Tesla, Bill Gates said “I don’t talk about my investments.”

Musk said the position was $500 million and grew after Tesla “went up a lot.” When asked last year on CNBC whether he was shorting Tesla, Gates said “I don’t talk about my investments.”

Musk was replying to tweets after the close of his Twitter poll asking who respondents trust less -- politicians or billionaires. More than 75% said they had less trust in politicians, James Ludden also reported for Bloomberg.

A law associate who drew the ire of Elon Musk for his prior work at the US Securities and Exchange Commission (SEC) has left Cooley for an assistant general counsel position at the online trading platform Robinhood Markets Inc., Brian Baxter reported for Bloomberg.

Walker Newell, a former senior counsel at the SEC, was part of an investigation of Musk that saw the self-proclaimed “technoking” of Tesla Inc. agree to a $40 million settlement. The case stemmed from tweets Musk made in 2018 about taking the electric automaker private.

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