- Elon Musk said in a tweet on Sunday that he is “following” on “making fun” of Bill Gates.
- Musk had previously confirmed a leaked text conversation in which he accuses Gates of selling Tesla stock.
- The Tesla CEO also posted a meme mocking Gates’ weight on Friday.
Elon Musk said he is “following up” “making fun” of Bill Gates after leaked texts revealed the Microsoft founder short-circuited Tesla.
After Musk initially shared a vague tweet on Sunday that led many to speculate he may be halting recent attempts to buy Twitter, the billionaire Tesla CEO followed up to clarify that the post was in reference to Gates. On Friday, Musk confirmed the veracity of leaked texts between the two tech moguls, in which Musk turned down a request from Gates to discuss a possible philanthropic venture because of his “huge short position against Tesla.”
—Elon Musk (@elonmusk) April 24, 2022
“Sorry, but I can’t take your climate change philanthropy seriously when you have a huge short position against Tesla, the company that does the most to solve climate change,” Musk wrote in a text to Gates, according to the sources. screenshots.
The text came after Musk asked if Gates still had “a half-billion-dollar short position against Tesla.” A short position usually involves betting that the value of a stock will fall by selling a borrowed stock with the intention of buying it back later at a lower price.
“Sorry to say I didn’t,” Gates replied, according to the screenshots. “I would like to discuss possibilities for philanthropy.”
Musk later posted a meme on Friday that showed a photo of Gates juxtaposed alongside an image of a pregnant man emoji, apparently mocking his weight.
Musk’s clarification on his initial tweet came after several users asked if it meant he was backing down from his attempt to buy Twitter. The move caused an uproar in which experts predicted Musk could go ahead with a hostile takeover of the social platform.
On Thursday, Musk confirmed he had secured funding to buy Twitter from banks and other entities, stating in a regulatory filing on Thursday that he had committed to “provide a total of approximately $46.5 billion” to buy the company. .
The order was in response to Twitter’s defense of the “poison pill” to block Musk’s offer – a tactic also known as a shareholder rights plan, which essentially dilutes a company’s shares by increasing the total number of shares on the market by a effort to avoid acquired against their will.
The shareholder rights plan, filed by Twitter with the Securities and Exchange Commission on Monday, would be activated if any “entity, person or group” obtained more than 15% of Twitter’s shares. Musk currently owns 9.1% of the company’s shares.
Confirming the funding, however, puts Musk in a position to use a traditional hostile takeover approach called a public offering, in which Musk can offer shareholders cash for their shares at a higher-than-market price. His next move at this point is yet to be seen.
Earlier this month, Musk was appointed to Twitter’s board of directors after announcing his large stake in the company, a position he initially accepted before turning down. A few days later, he made an offer to buy the social media company.