Elon Musk wants Warren Buffett to invest in Tesla stock

By:
on May 6, 2024
Listen
  • Elon Musk says investing in Tesla should be an obvious move for Warren Buffett.
  • Berkshire Hathaway trimmed stake in Apple by some 13% in the first quarter.
  • Warren Buffett did mention Tesla in an annual meeting this past Saturday.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Tesla Inc (NASDAQ: TSLA) is in focus today after Elon Musk – its chief executive said Warren Buffett should take a stake in his electric vehicles behemoth. 

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

Here’s what Musk wrote on ‘X’ today

Copy link to section

The legendary investor and chairman of Berkshire Hathaway Inc “should take a position in Tesla. It’s an obvious move”. That’s what Musk wrote in a post on “X” on Monday. 

His comment arrives only days after the multinational conglomerate said it trimmed its stake in Apple Inc by some 13% for tax reasons in the first quarter. 

Berkshire Hathaway also published its Q1 earnings report over the weekend that you can read in full on this link. 

Note that Buffett’s holding company has close to $190 billion in cash at writing.

Buffett mentioned Tesla in the annual meeting

Copy link to section

It is also worth mentioning that Warren Buffett did talk about Tesla in an annual meeting this past Saturday. 

Costs and prices both will go down if automation technology of the EV giant succeeds in minimising road accidents, he noted. $TSLA, however, is yet to achieve that milestone, as per Ajit Jain – vice chairman of Berkshire’s insurance business. 

Buffett expects Berkshire Hathaway to post “modest growth” in operating earnings this year. Decisions related to investing in equities will rest with Greg Abel should you step down, the billionaire added in the annual meeting. 

Class B shares of his multinational conglomerate holding company are up more than 10% versus the start of 2024 at writing.

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™.

0/10
Learn more
Elon Musk USA Electric Vehicle (EV) Manufacturing North America Stock Market Tech World