Tesla CEO Elon Musk asked Microsoft founder Bill Gates why he short-selled Tesla stock worth 620 billion won. According to CNBC, an American economic media on the 23rd (local time), Musk admitted that he had asked Gates about short selling through his Twitter on the 22nd.
Short selling is an investment strategy that borrows stocks and places a sell order when the stock price of a specific stock is expected to decline when the stock price falls.
Musk said, “During a TED talk, I heard from several people that Gates was short selling Tesla’s $500 million (about 620 billion won). . Previously, a netizen showed a picture of a text message conversation between Musk and Gates, the related content, and asked if the content was true. Musk replied, “It is true, but it was not leaked to the New York Times.
In the text message, Musk asked Gates if he was still holding a $500 million short sale on Tesla, and Gates replied, “I’m sorry, but the deal is still going on.” After this conversation, Musk posted on his Twitter account, “When you need to lose weight quickly,” along with an edited photo of Gates and a male emoticon with a belly side-by-side.
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