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Elon Musk Warns Bill Gates Will Be 'Obliterated' if He Doesn't Change Course

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Editor’s Note: Our readers responded strongly to this story when it originally ran; we’re reposting it here in case you missed it.

Betting against Tesla is a losing proposition, Tesla CEO Elon Musk claimed on July 2.

Coming off a stock surge, Musk took aim at rival mogul Bill Gates while saying the company’s future will be even better.

“Once Tesla fully solves autonomy and has Optimus in volume production, anyone still holding a short position will be obliterated. Even Gates,” Musk posted on X.

Optimus is a robot Tesla is developing that Musk has said could make his company worth $25 trillion when it is ready for the market, according to Forbes.

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In 2022, Musk revealed that Gates was short-selling Tesla stock. Short-selling is a tactic used when investors expect a stock price to fall. In a series of texts, Musk upbraided Gates for the tactic.

“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,” Musk wrote, according to Fortune.

Who do you respect more?

On July 2, Musk revealed that Tesla deliveries dipped less than expected in the second quarter of the year, according to CNBC.

The company topped Wall Street estimates by selling 443,956 vehicles in the second quarter for a 4.8 percent decline from 2023, a much lower drop than the 8.5 percent dip in the first quarter.

That led to a 17 percent stock increase that cost short sellers, such as Gates, a potential $3.5 billion, data from S3 Partners indicated.

Betting against Musk looked like a good idea in April when the stock hit bottom, but since then, Tesla’s stock price has risen 73 percent.

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In the second quarter, Tesla offered a variety of incentives to buyers.

“Clearly the financing promos on both the Model Y and Model 3 drove considerable volume growth, but as we have seen with other sizable price cuts and discounts, demand is pulled forward and new demand must be created in 3Q and beyond, which has proven challenging over the last 18 months,” Ronald Jewsikow, an analyst at Guggenheim Partners, wrote in a client note on July 3.

As Tesla battles to rule in the increasingly competitive EV market, Musk is looking beyond cars, through development and marketing of the Optimus humanoid robot and a “CyberCab” robotaxi, according to Fortune.


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Jack Davis is a freelance writer who joined The Western Journal in July 2015 and chronicled the campaign that saw President Donald Trump elected. Since then, he has written extensively for The Western Journal on the Trump administration as well as foreign policy and military issues.
Jack Davis is a freelance writer who joined The Western Journal in July 2015 and chronicled the campaign that saw President Donald Trump elected. Since then, he has written extensively for The Western Journal on the Trump administration as well as foreign policy and military issues.
Jack can be reached at jackwritings1@gmail.com.
Location
New York City
Languages Spoken
English
Topics of Expertise
Politics, Foreign Policy, Military & Defense Issues




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