- Elon Musk invites Warren Buffett to invest in Tesla amidst a global slowdown in electric vehicle (EV) sales.
- Musk asserts that Buffett should consider divesting from Apple and investing in Tesla, describing it as an “obvious move.”
- This exchange follows Tesla’s reported financial losses in the first quarter, signaling a challenging period for the electric car manufacturer.
Elon Musk makes a bold move by extending an invitation to billionaire investor Warren Buffett, urging him to consider investing in Tesla amidst a worldwide slowdown in electric vehicle (EV) sales. Musk suggests that Buffett should divest from his shares in Apple and redirect his investments towards Tesla, stating that it’s an “obvious move” for the seasoned investor. Despite Buffett’s existing stake in Chinese EV manufacturer BYD, he has yet to acquire shares in Tesla, a significant player in the EV market.
The invitation from Musk to Buffett extends beyond investment discussions, with Musk expressing a desire to spend his final moments with loved ones, echoing Buffett’s advice on cherishing time with family. This isn’t the first time Musk has reached out to Buffett regarding investment opportunities; he previously offered Buffett a chance to invest in Tesla during its early stages, which Buffett passed on, reflecting on missed opportunities in a recent post.
Tesla’s financial performance has come under scrutiny as the company reported significant losses in the first quarter of this year, with a 55% decline in net profit compared to the same period last year. Despite these challenges, Musk remains optimistic about Tesla’s future and continues to seek strategic investments to drive growth and innovation in the EV market.
He should take a position in Tesla. It’s an obvious move.
— Elon Musk (@elonmusk) May 6, 2024
