Tesla Inc TSLA CEO Elon Musk said over the weekend that Microsoft Inc MSFT co-founder Bill Gates is clueless about electric trucks.
What Happened: Musk was responding to a Twitter user who asked him his opinion about a blog that Gates wrote late last month, where he stated that electrification isn’t an option for heavy, long-haul vehicles.
He has no clue
— Elon Musk (@elonmusk) September 12, 2020
Gates had advocated biofuels and electrofuels for trucks in his blog and said heavy batteries make battery-run trucks impractical.
Why It Matters: The former Microsoft CEO didn't mentioned Musk or Tesla in his post, instead talking about QuantumScape, a company backed by him and Volkswagen AG VWAGY.
On the other hand, Gates named other legacy and debutant firms such as General Motors Company GM, Ford Motor Company F, Rivian, and Bollinger as lead players manufacturing electric trucks.
Musk on an earlier occasion described his conversations with Gates as “underwhelming.”
Price Action: Tesla shares closed almost 0.4% higher at $372.72 on Friday and gained 0.28% in the after-hours session.
Photo courtesy: Thomas Hawk via Flickr
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