Elon Musk: Elon Musk, owner of electric car manufacturing company Tesla, is often in the headlines for his statements on social media. Elon Musk wrote in one of his posts on X, if Tesla becomes the most expensive company in the world so far, then even Microsoft co-founder Bill Gates could go bankrupt.
At present, Tesla’s market capitalization is $ 1.251 trillion, which is more than that of Apple Inc., the world’s largest company. is far behind. Apple leads this list with $3.729 trillion. If Tesla has to achieve the first position in the list, then for this the company will need to increase the market capitalization by almost 200 percent.
What is a short position?
Elon Musk has written in his tweet, if Tesla becomes the most valuable company in the world, then that short position will bankrupt even Bill Gates. Taking a short position in the stock market means that even though the investor does not own any stock, he borrows it from the broker and sells it with the hope that later its price will fall and then he will sell it at a higher price. Its objective is to earn profit from the fall in stock prices.
Gates played a big bet against Tesla
In fact, Elon Musk alleges Bill Gates that he has bet about $2 billion against Tesla, due to which Gates has reportedly suffered a loss of $1.5 billion. This is mentioned in Musk’s biography written by Walter Isaacson in the year 2023.
During this time, an old tweet of Musk went viral, in which he said that “Taking a short position against Tesla, as Gates has done, gives the highest return only when a company goes bankrupt!”
He said that Gates had made this bet when the company was going through a bad phase. Gates had set a target of earning 500 million dollars with this. Whereas this year Tesla’s stock has increased by 56.91 percent. The reason behind this is Trump’s victory in 2024 and Musk’s strengthening relationship with him.
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