Elon Musk has a harsh message for Bill Gates

Core Viewpoint - Elon Musk reignited his long-standing feud with Bill Gates after the Gates Foundation significantly reduced its Microsoft stake, highlighting Gates' enduring short position against Tesla as a "crazy" bet [1][3][4] Group 1: Gates Foundation Moves - The Gates Foundation sold 65% of its Microsoft stake, realizing an estimated gain of $8.8 billion [1][6] - The foundation also exited positions in UPS and Crown Castle, and reduced holdings in Berkshire Hathaway, Waste Management, and Caterpillar [6] Group 2: Tesla's Performance - Tesla stock has experienced volatility but achieved nearly a 19% gain over the past year, prompting Musk to emphasize the poor performance of Gates' short position [2][4] - Gates reportedly took a $500 million short position against Tesla in 2022, which has resulted in an estimated loss of $1.5 billion as Tesla's value increased [7] Group 3: Musk's Perspective - Musk views Gates' short position as a significant bet against Tesla's long-term mission and the broader adoption of electric vehicles [4][7] - The feud is not merely a social media spat; it reflects deeper market sentiments influenced by high-profile short positions [4][8]