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The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament

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The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament

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'The first time ever in my career': Senior Citi executive on why the ultrawealthy want to diversify away from America

Elon Musk calls Bill Gates ‘underwhelming’ after Microsoft founder says he bought an electric…Porsche

By
Craig Trudell
Craig Trudell
and
Bloomberg
Bloomberg
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By
Craig Trudell
Craig Trudell
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Bloomberg
Bloomberg
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February 18, 2020, 7:30 AM ET
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Bill Gates paid Tesla Inc. a compliment for coaxing the car industry to go electric. If he was expecting kind words in return from Elon Musk, he apparently shouldn’t have spoken about challenges that still lie ahead — or about his new Porsche.

Gates, the billionaire co-founder of Microsoft Corp., spoke with a YouTube influencer last week about the challenges of reducing emissions to slow climate change. He called the passenger-car industry “one of the most hopeful” sectors taking action in this regard.

“And certainly Tesla, if you had to name one company that’s helped drive that, it’s them,” Gates told YouTuber Marques Brownlee.

Then Gates discussed recently buying a Porsche Taycan. While he called the electric sports car “very, very cool,” he acknowledged its premium price — the initial Turbo S models start at $185,000 — and said consumers still have to overcome anxieties about EVs offering limited range and taking longer to recharge. Gasoline-powered cars travel longer between quick refuels at stations that outnumber charging points.

When a Tesla enthusiast posted about being disappointed in Gates’s decision to buy a Taycan instead of a Tesla and his comments about range anxiety, Musk replied: “My conversations with Gates have been underwhelming tbh.”

My conversations with Gates have been underwhelming tbh

— Elon Musk (@elonmusk) February 18, 2020

Musk, 48, is of course no stranger to tweeting dismissively about fellow billionaires. The Tesla chief executive officer questioned Facebook Inc. CEO Mark Zuckerberg’s understanding of the risks of artificial intelligence in 2017. Last year, he called Jeff Bezos a copycat after the Amazon.com Inc. CEO embarked on an internet-satellite project that could rival one that Musk’s closely held company SpaceX is pursuing.

More must-read stories from Fortune:

—The next frontier of road rage is the parking garage
—Tesla’s growth problem—by the numbers
—Who is Luca de Meo, Renault’s new CEO?
—Can Tesla keep growing without critical tax incentives?
—How Renault is navigating disruption in the auto industry

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