Bill Gates praised Tesla and its CEO Elon Musk's contributions on mitigating climate change in a New York Times podcast this week finance.yahoo.com/news/bill-gate…
What Happened :
"Well, it’s important to say that what Elon did with Tesla is one of the greatest contributions to climate change anyone’s ever made,” the billionaire-philanthropist said on NYT opinion writer Kara Swisher’s twice-weekly podcast “Sway"
“Underestimating Elon is not a good idea,” Gates added.
Why It Matters :
The Microsoft co-founder's comments follow Musk's appearance on Joe Rogan's podcast where he said he had heard that Gates might have had a short position on Tesla stock :
“I also heard that at one point he had a large short position. I don’t know if that’s true or not, but it seems weird,” said Musk
“People I know who know the situation pretty well, I asked them 'are you sure?' and they said 'yes, he has a huge short position on Tesla'"
"That didn’t work out too well"
Last year Gates said that electric trucks would never be a “practical solution” for carrying heavy loads over large distances
Musk was dismissive of Gates’ knowledge of electric vehicles and said “he has no clue"
On an earlier occasion, Musk had expressed displeasure over Gates’ purchase of a Porsche Taycan and described conversations with the former Microsoft executive as “underwhelming"
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Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany, with the European arm of the automotive giant committing to go “all-in” on electric vehicles in the years ahead cnbc.com/2021/02/17/for…
In plans announced Wednesday morning, Ford said its entire passenger vehicle range in Europe would be “zero-emissions capable, all-electric or plug-in hybrid” by the middle of 2026, with a “completely all-electric” offering by 2030
The investment in Cologne will see the company update an existing assembly plant, converting it into a facility focused on the production of electric vehicles