City
Epaper

Musk invites billionaire investor Warren Buffett to invest in Tesla

By IANS | Updated: May 6, 2024 11:00 IST

New Delhi, May 6 Elon Musk, on Monday, invited billionaire investor Warren Buffett to come and invest in ...

Open in App

New Delhi, May 6 Elon Musk, on Monday, invited billionaire investor Warren Buffett to come and invest in Tesla, which is facing tough times amid global slowdown in EV sales.

Replying to an X user who posted that Berkshire Hathaway owner should sell all his shares in Apple and buy Tesla instead, the electric car company owner responded that it is an "obvious move" for him.

"He (Buffett) should take a position in Tesla. It's an obvious move," posted the X owner.

Buffett's Berkshire Hathaway has a stake in Chinese EV maker BYD but not in Tesla.

Last weekend, in response to a post quoting Buffett's advice about the importance of spending time with loved ones, Musk replied that he would love to spend the last day of his life with his kids.

Musk had even invited Buffett to invest in Tesla early on, when the company was worth 0.1 per cent, or less than $7 billion, from what it is today.

"Too bad he didn't invest in Tesla when it was 0.1 per cent of today's value," Musk posted on X recently.

The tech billionaire is trying to "reorganise" Tesla as the electric car company registered heavy losses in the January-March quarter this year.

The company's net profit plunged 55 per cent to $1.13 billion from $2.51 billion in the year-ago quarter.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalVance says Charlie Kirk was killed by "an assassin's bullet" linked to left-wing extremism

InternationalUS Homeland Security condemns brutual murder of Chandra Nagamalliah, holds Biden administration responsible for release of accused earlier

InternationalMoS Margherita calls upon Prime Minister of Papua New Guinea

Cricket"'The Heart was in the mouth": Asalanka reflects on Sri Lanka's thrilling win over Hong Kong

CricketAsia Cup: Nissanka achieves most fifty-plus scores by Sri Lankan batter in T20Is

Business Realted Stories

BusinessITR filing deadline extended by a day to Sep 16

BusinessCM Majhi sets aim to make Odisha the manufacturing hub of India

BusinessCentre’s e-Governance drive crosses Rs 3,000cr landmark in loans to small borrowers

BusinessAadhaar mandatory for online ticket booking in first 15 minutes from Oct 1: Railways

BusinessAll may soon be well in India-US trade relations