Tesla Inc. CEO Elon Musk on Saturday responded to an assertion by Ark Investment Management analyst Brett Winton, who said it was “okay” for Bill Gates to short the EV Maker’s stock.
What Happened
Winton explained in a tweet that Tesla only has an “average” ESG (Environmental, Social, and Governance) rating, so as long as Gates invested in a company like Shell PLC., which is more highly rated, the Microsoft Corp. founder was not being a hypocrite. Musk quickly responded.
The exchange came after the leak of texts between Musk and Gates in which the Tesla CEO confronted Gates over having a $500 million short position in Tesla stock.
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