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

InternationalEarthquake of magnitude 4.1 strikes Afghanistan

InternationalBangladesh: Muhammad Yunus announces a national day of mourning upon the death of Inqilab Mancha spokesperson

InternationalTrustees' Board renames John F Kennedy Center to Trump-Kennedy Center

InternationalMoS Anupriya Patel holds bilateral health talks with Sri Lanka, Fiji at 2nd WHO Traditional Medicine Summit

InternationalUkraine's "resilience" can weaken Putin's ability to prolong war: Zelenskyy

Business Realted Stories

BusinessGujarat CM takes stock of 2025-26 budget expenditure

BusinessOdisha investor meet: CM Majhi engages industry leaders across key sectors in Hyderabad

BusinessUS targets Iran oil network, names India-linked shipping firms

BusinessIndia-Oman CEPA allows stay duration extension for Contractual Service Suppliers from 90 days to two years: Piyush Goyal

BusinessGujarat leads in timely claim settlement under Ayushman Bharat scheme