Renowned billionaire investors Elon Musk and Warren Buffett have been making headlines in the financial world recently, with Musk expressing a desire for Buffett to become a Tesla shareholder.
Musk, who has become one of the most influential CEOs in the world, has seen his popularity soar in recent months, with almost 130 million Twitter followers eagerly awaiting his every tweet. Under his leadership, Tesla, the manufacturer of electric vehicles, has experienced an unprecedented rise in its stock market value, currently standing at an impressive $622 billion.
While Musk’s charismatic personality and bold promises to revolutionize the transportation industry have won the hearts of many investors, there is one legendary investor who has yet to join the ranks: Warren Buffett. Buffett, known for his philosophy of thoroughly understanding a company’s business before investing, is a shareholder of BYD, a Chinese rival to Tesla.
Starts with a T …
— Elon Musk (@elonmusk) February 26, 2023
From Humble Beginnings to Global Success
In 2008, Buffett’s holding company Berkshire Hathaway acquired 225 million shares of BYD, which has since grown substantially in value, with the holding company still holding a 12% stake in the company. However, over the past few months, Berkshire Hathaway has been selling some of its shares, sparking questions about what stocks the company should invest in next.
When a Twitter user posed the question of where Berkshire Hathaway should invest its nearly $129 billion war chest, Musk was quick to suggest Tesla as a potential investment opportunity. In fact, Musk went further to mention a missed opportunity for Berkshire Hathaway, stating that if the holding company had invested in Tesla back in 2008 when it was valued at $200 million, it would have made a significant profit today.
Munger could’ve invested in Tesla at ~$200M valuation when I had lunch with him in late 2008
— Elon Musk (@elonmusk) February 26, 2023
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Although Charlie Munger, Buffett’s right-hand man and vice-chairman of Berkshire Hathaway, has previously stated that BYD is ahead of Tesla in terms of clean vehicle sales in China, Musk does not seem to hold a grudge. In fact, an investment in Tesla by Berkshire Hathaway would not only be a significant victory for Musk, but it would also send a strong and reassuring message to traditional financial establishments and retail investors who admire Buffett’s strokes of financial genius.
Overall, Musk’s vision and leadership have been a driving force behind Tesla’s incredible success, and it’s clear that he sees Buffett’s investment as a potential catalyst for even greater achievements in the future. As for Buffett, only time will tell if he decides to take Musk up on his offer and join the Tesla family.
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