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Elon Musk says Warren Buffett should buy Tesla stock. Here's why he probably never will. [Business Insider]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
It's an obvious move," Musk tweeted about Buffett on Sunday. Detailed below is why Warren Buffett probably won't invest in Tesla, despite the encouragement. Warren Buffett should buy Tesla stock, according to Elon Musk. "He should take a position in Tesla. It's an obvious move," Musk tweeted about Buffett on Sunday, in response to a tweet that suggested Berkshire Hathaway should sell its entire $135 billion stake in Apple and instead purchase Tesla. The comments came a day after Berkshire Hathaway's annual shareholder meeting, in which the company revealed that it did trim some of its stake in Apple by about 10%. But Musk's dream of Berkshire Hathaway giving Tesla its stamp of approval and buying the stock is probably never going to happen. That's because previous comments made by Buffett and the late Charlie Munger did not shine a favorable light on the ultra-competitive automotive industry. To be fair, Buffett and Munger are no strangers to investing in electric vehicl
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