Elon Musk has alleged that Jeff Bezos advised people to sell their Tesla stock due to expectations that Donald Trump would lose the presidential election. Bezos denied this claim, stating it was not true. The ongoing rivalry between the two business magnates intertwines with broader issues, such as financial stakes tied to electoral outcomes, highlighting the nexus of business and politics. This exchange adds to their long history of competitive tension in the space sector.
Elon Musk and Jeff Bezos have reignited their ongoing rivalry following Musk’s assertion that Bezos advised individuals to divest from their Tesla shares, citing an expectation that Donald Trump would lose the presidential election. Musk made the claim via a post on X, stating, “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.” In response, Bezos denied the allegation, declaring, “Nope. 100% not true.” Musk then humorously acknowledged a potential error in his claim.
The stakes surrounding the recent election are particularly significant for Musk, who has invested heavily in Trump’s campaign, which resulted in beneficial developments for his businesses. There appears to be a growing rapport between Musk and Trump, as witnessed when Musk was photographed with Trump’s family on election night. Moreover, Trump has expressed newfound support for electric vehicles, notably crediting Musk’s endorsement for his shift in perspective regarding electric cars. Following the election, Tesla’s stock surged, indicative of Musk’s potential financial predicament had Trump lost.
This public spat is only a continuation of Musk and Bezos’s long-standing competition in the space sector. Bezos’s company, Amazon, recently announced a major rocket deal that emphasized a rivalry with Musk’s SpaceX, as Amazon excluded SpaceX from their procurement processes. This rivalry has been evident in previous interactions, with Musk previously mocking Bezos about his focus on litigation against SpaceX. The competitive dynamics between these prominent figures in business not only underscore their corporate ambitions but also reflect broader themes of loyalty and competition within industry.
The feud between Elon Musk and Jeff Bezos highlights tensions in both personal and professional domains, reflecting the competitive landscape of their respective business ventures. Both individuals are titans in the technology and space exploration sectors, with Musk leading Tesla and SpaceX, while Bezos is the founder of Amazon and Blue Origin. Recently, the implications of their rivalry have been heightened by the political climate surrounding the U.S. presidential election, which has direct consequences for their business interests and stock performance.
The exchange between Musk and Bezos reveals not only personal rivalry but also the intertwining of corporate strategies with electoral politics. Musk’s claim that Bezos advised others to sell Tesla stock showcases how closely business leaders may watch political developments, particularly when tied to their financial interests. As both leaders continue to navigate the complexities of their industries, the public discourse around their rivalry will likely endure, marking a significant chapter in the narrative of modern corporate competition.
Original Source: fortune.com
