Jeff Bezos Denies Elon Musk's Allegation That He Told People To Sell Tesla Stock: '100% Not True'

Benzinga
2024.11.21 18:33
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Elon Musk accused Jeff Bezos of urging investors to sell Tesla and SpaceX stock before the 2024 presidential election, claiming Bezos said Trump would lose. Bezos denied the allegation, stating it was "100% not true." The exchange highlights their long-standing rivalry, with Musk being the largest shareholder of Tesla and Bezos owning Blue Origin. Tesla's stock has significantly outperformed the S&P 500 since Trump's election win, trading up 35%.

Elon Musk and Jeff Bezos, two of the world’s richest people, entered a social media sparring match on Thursday.

What Happened: The controversy began when Musk accused Bezos of urging “everyone” to sell shares of Tesla Inc TSLA ahead of the 2024 presidential election. Musk supported Donald Trump during the presidential stakes, contributing hundreds of millions of dollars to Trump’s election efforts.

“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 🤭,” Musk posted on his social media platform, X. The post garnered over 29 million views.

Bezos responded nearly nine hours later.

“Nope. 100% not true,” the Amazon founder succinctly replied.

It is unclear whether the billionaire entrepreneur plans to pursue legal action against Musk.

Tesla’s stock has far outperformed the SPDR S&P 500 ETF Trust SPY since Trump’s election win on Nov. 5. Tesla shares are trading up 35%, breaking the $1 trillion mark, while the benchmark has gained 2.97%.

Musk is the largest shareholder of Tesla. While Musk did not start the company, he has served as CEO since 2008.

Musk and Bezos’ rivalry stretches decades. Musk is the principal shareholder of SpaceX while Bezos owns Blue Origin, two space exploration companies.

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Photos: lev radin and Kathy Hutchins on Shutterstock

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