Jeff Bezos denies Musk's claim that he told people to sell Tesla and SpaceX stocks

In a late-night post on Wednesday, the CEO of Tesla (TSLA) and SpaceX announced that Bezos had warned "everyone" to sell all of their stocks in his companies if Vice President Kamala Harris wins the 2024 presidential election. Musk made a big - seemingly successful - bet that President-elect Donald Trump would win, repeatedly claiming that the Harris administration would seek revenge on him. “Just learned tonight at Mar-a-Lago that Jeff Bezos told everyone that @realDonaldTrump will definitely lose, so they should sell all their Tesla and SpaceX stocks,” Musk wrote on X, the social media platform he owns, while adding an emoticon at the end. "No. 100% not true," Bezos said in a rare post on X. He only posted on this platform four times in 2024, including writing a message earlier this month to congratulate Trump on his victory and a statement after the first assassination attempt on the Republican presidential candidate at that time. This is the latest shot fired in the competition between two leading technology companies, who are the richest individuals and the second richest individuals in the world, according to Bloomberg's Billionaires Index. Musk's net worth reached $331 billion after Tesla's stock skyrocketed following Trump's victory, and his investments in xAI and SpaceX are believed to be eyeing significant value increases. Bezos has a net worth of $226 billion, mainly due to his stake in Amazon (AMZN). SpaceX by Musk is a dominant force in the aerospace industry, while Bezos' Blue Origin is building itself as a competitor. This week, NASA has asked both companies to develop cargo landing vehicles to transport equipment to the Moon as part of its Artemis missions. The two companies, along with United Launch Alliance, a joint venture between Boeing (BA) and Lockheed Martin (LMT), will compete for national security space mission contracts in the next five years. Blue Origin previously opposed a contract awarded by NASA to SpaceX and sought to limit SpaceX's Starship launches, while Amazon's Kuiper opposed the expansion of SpaceX's Starlink satellite network. In 2020, Musk called for the government to break up Amazon, complaining about its monopoly status.