๐๐ถ๐น๐น ๐๐ฎ๐๐ฒ๐ ๐๐ฒ๐ $๐ฏ ๐๐๐๐๐๐ข๐ก ๐๐ด๐ฎ๐ถ๐ป๐๐ ๐ง๐ฒ๐๐น๐ฎ. ๐๐น๐ผ๐ป ๐ ๐๐๐ธ ๐ก๐ฒ๐๐ฒ๐ฟ ๐๐ผ๐ฟ๐ด๐ฎ๐๐ฒ ๐๐ถ๐บ. In 2022, Bill Gates reached out to Elon Musk. His goal? ๐๐จ๐ง๐ฏ๐ข๐ง๐๐ ๐๐ฎ๐ฌ๐ค ๐ญ๐จ ๐ฃ๐จ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ฏ๐ข๐ง๐ ๐๐ฅ๐๐๐ ๐โ๐ ๐ฆ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐ฎ๐ซ๐ ๐ข๐ง๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง๐๐ข๐ซ๐๐ฌ ๐ญ๐จ ๐๐จ๐ง๐๐ญ๐ ๐ฆ๐จ๐ฌ๐ญ ๐จ๐ ๐ญ๐ก๐๐ข๐ซ ๐ฐ๐๐๐ฅ๐ญ๐ก. The meeting took place at Teslaโs ๐๐-๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง-๐ฌ๐ช๐ฎ๐๐ซ๐-๐๐จ๐จ๐ญ ๐ ๐ข๐ ๐๐๐๐๐ญ๐จ๐ซ๐ฒ ๐ข๐ง ๐๐ฎ๐ฌ๐ญ๐ข๐ง. Gates was impressed. Everything seemed fine. Until Musk asked one question: โ๐๐ก๐ฒ ๐๐ข๐ ๐ฒ๐จ๐ฎ ๐ฌ๐ก๐จ๐ซ๐ญ ๐๐๐ฌ๐ฅ๐?โ Gates had placed a $๐๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ฌ๐ก๐จ๐ซ๐ญ ๐๐๐ญ ๐๐ ๐๐ข๐ง๐ฌ๐ญ ๐๐๐ฌ๐ฅ๐.With leverage, the total position was $๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง. His reason? "I talked to my financial advisors. Tesla is overvalued. Iโm going to make money on the short." Muskโs reaction? ๐๐ฎ๐ซ๐ ๐๐ข๐ฌ๐๐๐ฅ๐ข๐๐. "I thought you cared about climate change. Why would you bet against the company doing the most to solve it?" For Musk, ๐๐๐ฌ๐ฅ๐ ๐ฐ๐๐ฌ๐งโ๐ญ ๐ฃ๐ฎ๐ฌ๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒโ๐ข๐ญ ๐ฐ๐๐ฌ ๐ ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง.Betting against Tesla meant betting against clean energy. Gates saw it differently. To him, business and philanthropy were separate. Musk? ๐๐ ๐ฐ๐๐ฅ๐ค๐๐ ๐๐ฐ๐๐ฒ. A few days later, Gates texted Musk, trying to restart the philanthropy discussion. Muskโs reply was ๐๐จ๐ฅ๐ ๐๐ง๐ ๐๐ข๐ซ๐๐๐ญ: "Sorry, but I canโt take your philanthropy on climate change seriously when you short Tesla." Later, Musk told his biographer: "At this point, I am convinced he is categorically insaneโฆ I did actually want to like him (sigh)." The fallout was final. Two of the worldโs greatest tech mindsโ๐ฉ๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐๐ฅ๐ฅ๐ข๐๐ฌ, ๐ง๐จ๐ฐ ๐๐ข๐ฏ๐ข๐๐๐. Because their philosophies clashed: Musk: Solve problems through innovation and disruption. Gates: Solve problems through structured philanthropy and grants. But hereโs the twistโ๐๐๐ฌ๐ฅ๐โ๐ฌ ๐ฌ๐ญ๐จ๐๐ค ๐ฌ๐จ๐๐ซ๐๐. And Gatesโ short position? ๐๐ญ ๐๐จ๐ฌ๐ญ ๐ก๐ข๐ฆ ๐ฎ๐ฉ ๐ญ๐จ $๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง. A costly mistake. A lost alliance. ๐ ๐๐๐๐ข๐ง๐ข๐ง๐ ๐ฆ๐จ๐ฆ๐๐ง๐ญ ๐ข๐ง ๐ญ๐๐๐ก ๐ก๐ข๐ฌ๐ญ๐จ๐ซ๐ฒ. Follow Vishu Bheda for more such amazing business stories!
Download the medial app to read full posts, comements and news.