Tesla's Musk jokes Bill Gates could go bankrupt if short bet fails

On Tuesday, Tesla (NASDAQ:TSLA )'s CEO Elon Musk made a bold statement about the potential consequences for anyone holding a short position against his company. Musk suggested that even someone with the wealth of Bill Gates could face bankruptcy if Tesla becomes the most valuable company in the world. The context of Musk's claim is rooted in past reports that Gates, the Microsoft (NASDAQ:MSFT ) co-founder, had taken a multi-billion dollar short position in Tesla. However, the current status of Gates's position on Tesla's stock is not known.

Tesla's shares have experienced a significant surge, increasing by 60% since the U.S. election results. This rally is partly attributed to Musk's burgeoning relationship with President-elect Donald Trump. Musk's involvement in the new administration is set to increase as he has been selected by Trump to lead the Department of Government Efficiency, a role he will share with entrepreneur Vivek Ramaswamy.

Elon Musk currently holds the title of the world's wealthiest individual according to the Bloomberg Billionaires Index, with a staggering net worth of $376 billion. In comparison, Bill Gates is positioned sixth on the same index, with a net worth of $166 billion.

The race for the title of the most valuable company globally is led by Apple (NASDAQ:AAPL ), which boasts a market valuation of $3.73 trillion. Tesla, with a market capitalization of $1.25 trillion, ranks eighth on the list of the world's most valuable companies. The electric vehicle maker's stock performance continues to be a focal point for investors and market spectators alike.

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Source: Investing.com