Microsoft Corporation (NASDAQ: MSFT), co-founder Bill Gates, praised Tesla Inc’s (NASDAQ: TSLA) and its CEO, Elon Musk,’s contributions to mitigating climate change 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 biggest contributions to climate change anyone has ever made,” said billionaire philanthropist on NYT opinion writer Kara Swisher’s bi-weekly podcast ” Sway “said.
“It’s not a good idea to underestimate Elon,” Gates added.
Why it matters: The co-founder of Microsoft follows Musk’s appearance on Joe Rogan’s podcast, where he believes Gates has a short position in Tesla shares, Electrek reported.
‘I also heard that at one point he had a very short position. “I do not know if it is true or not, but it looks strange,” Musk said.
“People I know know the situation pretty well. I asked them ‘are you sure? and they said ‘yes, he has a big short position in Tesla.’ It does not work too well. ”
Last year, Gates said electric trucks would never be a ‘practical solution’ to transporting heavy loads over long distances. Musk dismissed Gates’ knowledge of electric vehicles, saying “he has no idea.”
On an earlier occasion, Musk expressed dissatisfaction with Gates’ purchase of a Porsche Taycan and described talks with the former Microsoft CEO as “overwhelming”.
Price action: Tesla shares closed nearly 2.4% lower at $ 796.22 on Tuesday and fell 0.6% in the after-hours session. On the same day, Microsoft shares closed almost 0.5% lower at $ 243.70 and decreased by 0.18% in the after-hours session.
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