Market Overview

Elon Musk Not Happy About Bill Gates' Porsche Purchase, Calls Their Conversations 'Underwhelming'

Share:
Elon Musk Not Happy About Bill Gates' Porsche Purchase, Calls Their Conversations 'Underwhelming'

Tesla Inc’s (NASDAQ: TSLA) CEO Elon Musk called Bill Gates “underwhelming” after the latter disclosed he owns a Porsche Taycan.

What Happened 

During an interview with a YouTuber Marques Brownlee, Gates was asked about electric cars and the billionaire revealed that he owns a non-Tesla electric vehicle. “I just got a Porsche Taycan.” He added that it was a “premium-price car” and “very, very cool.” Gates told Brownlee that it was his first electric car.

The co-founder of Microsoft Corp. (NASDAQ: MSFT) expressed the opinion that electric vehicles would fall behind gasoline cars in terms of range.

CNBC reported that Porsche Taycan Turba sells at $150,900 in the U.S. while the standard price of an entry-level Tesla Model 3 is $39,490. Tesla’s Turbo S is the pricer variant at $185,000.

The interview seems to have gotten under Tesla's owner skin. Elon Musk later tweeted, “My conversations with Gates have been underwhelming tbh.”

Why It Matters

This is not the first time Musk has generated controversy over his tweets. In 2018, British cave diver Vernon Unsworth, who was involved in rescuing children stuck in a cave in Thailand, sued Tesla after he called him a pedophile on Twitter. 

In 2017, Musk took to Twitter to claim that Mark Zuckerberg, CEO of Facebook Inc. (NASDAQ: FB) had a limited understanding of artificial intelligence. 

Price Action

Tesla shares traded 2.75% higher at $882.01 in the after-hours session on Tuesday. The shares had closed the regular session 7.3% higher at $858.40

Microsoft shares traded 0.24% higher at $187.68 in the after hours session on Tuesday. The shares had closed the regular session 1.01% higher at $187.23.

Photo Credit: Public domain photo via Wikimedia.

 

Related Articles (MSFT + TSLA)

View Comments and Join the Discussion!

Posted-In: Bill Gates Elon Musk TeslaNews Tech Media General Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com