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Elon Musk vows Bill Gates will be ‘obliterated’ if he doesn’t stop shorting Tesla

https://www.msn.com/en-us/money/savingandinvesting/ar-BB1plzWz

Elon Musk gave Bill Gates advance warning on Tuesday not to trifle with him again. The Microsoft co-founder faces annihilation if he makes any further attempt to bet against Tesla.

That's because Musk believes he will have transformed the carmaker into an AI colossus worth a staggering $30 trillion as soon as Tesla completes its pivot from selling EVs first and foremost to operating a lucrative fleet of robotaxis and humanoid robots.

“Once Tesla fully solves autonomy and has [its droid] Optimus in volume production, anyone still holding a short position will be obliterated,” he posted to social media on Tuesday. “Even Gates.”

The duo's rivalry became public after an exchange leaked in 2022 showing the world’s wealthiest entrepreneur had refused to support Gates’ charitable work upon learning the latter still had a half billion dollars riding on a wager the Tesla stock price would fall.

“Sorry, but I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla, the company doing the most to solve climate change,” Musk wrote in the undated text messages.

>suck my balls

https://x.com/elonmusk/status/1808156026123829599

Newsom Shocks California Politics by Scrapping Crime Measure

(Bloomberg) – California Governor Gavin Newsom abruptly abandoned a carefully negotiated ballot measure designed to tackle property crime and the fentanyl crisis, stunning the state’s political establishment a day after his office trumpeted the proposal.

The last-minute reversal dashed Newsom’s effort to forge a compromise among Democratic factions in the legislature, where his party has a supermajority, to revamp Proposition 47. The decade-old law reclassified some nonviolent drug and property crimes as misdemeanors rather than felonies, and has drawn fire from critics who say it has exacerbated drug abuse and retail theft. The governor sided with pro-business moderates who advocated for tightening penalties for crimes including repeat shoplifting, while pitting him against progressives who raised concerns about racial disparities in arrests and prosecutions. The failure of the Democratic compromise means that only a tougher crackdown backed by the California District Attorneys Association will appear before voters on the November ballot. The Democrats were “unable to meet the ballot deadline to secure necessary amendments to ensure this measure’s success,” Newsom said in a statement late Tuesday. Conceding to political realities, he said the initiative would be withdrawn.

Party leaders had hashed out the initiative over the weekend after trying unsuccessfully to block the district attorneys’ measure. Still, Newsom said he would “soon sign a robust public safety package that expands criminal penalties, bolsters police and prosecutor tools, and cracks down on retail theft.” He faulted the district attorneys association for backing a measure “that would revive policies from the era of mass incarceration and the failed War on Drugs.”

Greg Totten, the head of the district attorneys group, took a victory lap after Newsom’s decision to withdraw the proposal negotiated by Democrats. “We are pleased the governor and legislature have dropped their countermeasure and welcome them to join our campaign to responsibly amend Proposition 47 to deal with retail theft, the fentanyl crisis and homelessness,” Totten said.

• Biden Meeting

Newsom abandoned the ballot initiative as he prepared to join a meeting of Democratic governors with President Joe Biden, who’s reeling from his disastrous performance in last week’s debate with former President Donald Trump. Illinois Governor J.B. Pritzker, Michigan’s Gretchen Whitmer and Minnesota Governor Tim Walz are also heading to Washington, with Pritzker urging Biden to communicate with Americans as he slides in the polls.

https://www.msn.com/en-us/news/politics/ar-BB1plLOe