Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales

Prameyanews English

Published By : Prameya News Bureau | May 06, 2024 IST

Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales

New Delhi, May 6: Elon Musk on Monday extended an invitation to billionaire investor Warren Buffett to invest in Tesla as the company grapples with challenging conditions amidst a worldwide decline in electric vehicle 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.

 

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Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
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Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales
Elon Musk invites Warren Buffett to invest in Tesla amidst decline in EV sales

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