Tesla Motors, Inc. (NASDAQ: TSLA), Microsoft Corporation (NASDAQ: MSFT) – Bill Gates Says “Underestimating” Elon Musk “Isn’t a Good Idea”

fr24news– Microsoft Corporation (NASDAQ: MSFT) Bill Gates co-founder hailed Tesla Inc. (NASDAQ: TSLA) and its CEO Elon Musk’s contributions on climate change mitigation in a New York Times Co (NYSE: NYT) podcast this week.
What happened: “Well, it’s important to say that what Elon did with Tesla is one of the greatest contributions to climate change that has ever been made,” the billionaire philanthropist said on the writer’s bimonthly podcast. NYT’s opinion of Kara Swisher “Sway”.

“Underestimating Elon is not a good idea,” Gates added.

Why is this important: The Microsoft co-founder’s comments follow Musk’s appearance on Joe Rogan’s podcast where he expressed belief that Gates was short on Tesla stock, Electrek reported.

“I also heard that at one point he had a significant short position. I don’t know if it’s true or not, but it sounds odd, ”Musk said.

“People I know who know the situation pretty well, I asked them ‘are you sure?’ and they said ‘yes he has a huge short position in Tesla’. It didn’t work out very well.

Last year, Gates said electric trucks would never be a “practical solution” for hauling heavy loads over long distances. Musk dismissed Gates’ knowledge of electric vehicles and said “he had no idea.”

On a previous occasion, Musk had expressed his displeasure with Gates’ purchase of a Porsche Taycan and called conversations with the former Microsoft executive “disappointing.”

Price action: Tesla shares closed nearly 2.4% at $ 796.22 on Tuesday and fell 0.6% in the after-hours session. On the same day, Microsoft shares closed nearly 0.5% lower at $ 243.70 and were down 0.18% in the after-hours session.

Click on here to check out Benzinga’s EV hub for the latest news on electric vehicles.

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