Elon Musk revealed that he wants Warren Buffett as a Tesla shareholder

Elon Musk revealed that he wants Warren Buffett as a Tesla shareholder

The Tesla’s market valuation is currently $622 billion. Is more than 400 billion dollars that Toyota Motor, the world’s largest automaker in terms of sales last year. The Japanese group currently has a market value of 188,000 million dollars. Musk inspires investors a enormous confidence, which justifies this assessment of Tesla, which is not seen in the same way as its rivals. The car manufacturer is seen more as a technology group than as a car manufacturer.


While it is trusted by many investors, one is missing. This is the legendary investor Warren Buffettwhose philosophy is understand the business of a company before investing in it.

It was in this context that a Twitter user asked which company Buffett should invest in, given that Berkshire Hathaway ended 2022 with a big war chest. In fact, the holding company’s mountain of cash amounted to u$s128.65 billion in the fourth quarter of 2022up from nearly $109 billion in the third quarter.

“Warren Buffett’s Berkshire Hathaway now has over $128 billion in cash, which stock should they buy?asked the Twitter user. Musk immediately responded that the holding company should invest in Tesla.


Lunch with Charlie Munger

He then explained that If Berkshire Hathaway had jumped at the opportunity to invest in Tesla in 2008, the company would have made a huge profit today, because Tesla was valued at $200 million.. Its market value is now more than US$600,000 million dollars. Tesla’s market value it even reached 1 trillion dollars in October 2021 and also last March.

“Munger could have invested in Tesla at a valuation of $200 million when I had lunch with him in late 2008,” Musk added.

Charlie Munger is Buffett’s right-hand man and vice president of Berkshire Hathaway. This is not the first time Musk has mentioned what he sees as a missed opportunity for Berkshire Hathaway. Last year, he said that Munger told him that Tesla would fail since 2009.

“I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail,” the tech mogul posted on Feb. 16, 2022. “I was pretty sad but told him I agreed. with all those reasons and that we would probably die, but it was worth a try anyway.”

Source: Ambito

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