Elon Musk Warns Bill Gates Against Betting on Tesla
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Elon Musk issued a stark warning to Microsoft co-founder Bill Gates, suggesting that Gates would face destruction if he continued to bet against Tesla. Musk asserted his ambitious vision of transforming Tesla into a colossal AI giant worth $30 trillion.
“Once Tesla fully solves autonomy and has [its droid] Optimus in volume production, anyone still holding a short position will be obliterated,” Musk declared, explicitly mentioning Gates.
The Elon Musk-Bill Gates Rivalry:
The rivalry between Musk and Gates became public knowledge after a 2022 exchange revealed Musk’s refusal to support Gates’ charitable work due to Gates’ substantial short position against Tesla.
In text messages, Musk stated, “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.”
Tesla’s Recent Challenges:
Despite Musk’s confidence, Tesla has faced significant challenges recently. The company’s vehicle sales fell 6.6% in the year’s first half, and its Cybertruck has struggled to meet high expectations.
Additionally, Tesla’s ambitious target of boosting volumes from 1.8 million EVs last year to 20 million by 2030 has been met with skepticism.
Future Prospects:
Looking ahead, Musk has hinted at unveiling a new “CyberCab” robotaxi model, promising to finally solve autonomy issues. He also suggested that introducing new low-cost models could see a resurgence in EV sales growth in 2025.
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Tony Boyce is a seasoned journalist and editor at Sharks Magazine, where his expertise in business and startups journalism shines through his compelling storytelling and in-depth analysis. With 12 years of experience navigating the intricate world of entrepreneurship and business news, Tony has become a trusted voice for readers seeking insights into the latest trends, strategies, and success stories.
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