Saturday, November 23, 2024
Business

Elon Musk says he learned Jeff Bezos told people to sell Tesla & SpaceX stock; Bezos responds

Elon Musk and Jeff Bezos, two of the world’s most influential tech moguls, are again at the center of public attention for their social media posts about each other. Elon Musk, CEO of Tesla and SpaceX, took to X (formerly Twitter) today to share what he had just heard about Amazon founder Jeff Bezos. Musk wrote that he had just learned at Mar-a-Lago that Bezos had been telling people that Donald Trump would lose the upcoming election and advising them to sell their Tesla and SpaceX stock.

Musk’s post read: “Just learned tonight at Mar-a-Lago that Jeff Bezos was telling everyone that @realDonaldTrump would lose for sure, so they should sell all their Tesla and SpaceX stock 🤭.”

This tweet quickly garnered significant attention, amassing millions of views and sparking widespread discussion on the social media platform.

Jeff Bezos, who also owns The Washington Post and aerospace company Blue Origin, swiftly responded to Musk’s claim. In a direct rebuttal, Bezos posted on X: “Nope. 100% not true.”

This clarification by Bezos appears to have prevented further fueling of this matter. However, their history includes several disputes over their business practices and visions for the future.

The rivalry between Musk and Bezos is well-documented, with both entrepreneurs competing in sectors such as space exploration, electric vehicles and artificial intelligence. Their interactions on social media have often been the focal point of public attention, with both leveraging their presence on X to critique and challenge each other’s business practices and visions for the future. For instance, Musk has called Bezos a “copycat” for Blue Origin’s reusable rocket technology and has criticized Amazon as a monopoly. Their companies, Tesla and Amazon, are among the most valuable in the world, and their personal wealth places them at the top of the global rich list. Musk’s recent post had almost added another layer to their contentious relationship, but Bezos’s clarification appears to have prevented further escalation.

Their competition is not limited to social media exchanges. Musk’s SpaceX and Bezos’s Blue Origin are in a fierce battle for space exploration dominance, with both companies aiming to revolutionize space travel and colonization. SpaceX has achieved significant milestones, including the successful launch and landing of reusable rockets, while Blue Origin is working on its own reusable rocket technology and lunar lander.

In the electric vehicle market, Musk’s Tesla is a leader, known for its innovative electric cars and advancements in autonomous driving technology. Bezos, through Amazon, has invested in electric vehicle startups like Rivian and is developing electric delivery vans to reduce the company’s carbon footprint.

Their competition also extends to artificial intelligence. Musk co-founded OpenAI, an organization focused on ensuring that AI benefits all of humanity, while Bezos has invested heavily in AI through Amazon Web Services (AWS) and other ventures. Both entrepreneurs recognize the transformative potential of AI and are positioning their companies to be at the forefront of this technological revolution.

Featured image is a collage. Jeff Bezos’s photo is by Daniel Oberhaus and licensed under CC BY 4.0, while Elon Musk’s is by Debbie Rowe and licensed under CC BY-SA 3.0

Tabish Faraz

Tabish Faraz has professionally written and/or edited for American, Australian, British, Canadian, Malaysian, Pakistani and Vietnamese businesses. He also edited business news, among other news stories, for a San Francisco, California-based online news service for about four years and then for a San Jose, California-based news outlet for about five years. Write to Tabish at tabish@usandglobal.com and follow him on Twitter @TabishFaraz1

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