4 ms·
Elon Musk says Bill Gates has $500M short against Tesla
- saurik 4y agoI find it really annoying that people--including notably and particularly Elon--are trying to make this sound like some kind of attack on efforts to stop climate change as opposed to merely a statement about whether Tesla, as a single player in a growing ecosystem of electronic vehicles, is or isn't over-valued.
- mgh2 4y agoNot surprised, Elon and Tesla's prominence came about on social media, he is an expert manipulator and attention diva.
- musesum 4y agoNot sure how shorting Tesla stock creates value. Yes, Danny Hillis demonstrated how introducing parasites can drive an evolutionary algorithm past a relative maxima [1]. Is Tesla at a relative maxima, or still scaling? Moreover, why is Gates wasting his time as a parasite? [1] https://www.sciencedirect.com/science/article/abs/pii/0167278990900762 https://www.sciencedirect.com/science/article/abs/pii/016727...
- Vladimof 4y agoBecause you have a short doesn't mean that you don't also have a positive position? Sell high and buy low at the same time
- musesum 4y ago> Sell high and buy low at the same time Maybe there is a damping function in that. All I've read is the rumored short. Either way, playing a zero-sum game still seems at odds with value creation. Blue shift versus red shift mindset. Based on past value creation, with MSFT and a crucial investment in Apple, Gates shorting a company seems out of character.
- Vladimof 4y ago> Either way, playing a zero-sum game still seems at odds with value creation. Tesla is very volatile... if you sell at all-time-high and buy shorts at the same time doesn't seem very risky
- musesum 4y agoYes. I played that game for a while: shifting value around. Making value is more satisfying. No judgement; merely personal preference.