Elon Musk has publicly invited billionaire investor Warren Buffett to invest in Tesla, an offer made during a period of declining global sales for electric vehicles that has put the automaker under considerable stress.
Responding to an X user’s suggestion that Buffett, owner of Berkshire Hathaway, shift his investment from Apple to Tesla, Musk endorsed the idea, labeling it as an ‘obvious move.’ Despite Berkshire Hathaway’s significant investment in Chinese EV manufacturer BYD, it has steered clear of Tesla stakes.
Previously, Musk had approached Buffett when Tesla’s valuation was just 0.1% of its current figure, less than $7 billion. Musk lamented on X that Buffett missed an early opportunity to invest at a fraction of Tesla’s current market worth.
In a personal reflection shared online, Musk expressed his wish to spend his final day with his children, a sentiment that resonates with Buffett’s own philosophy on valuing time with loved ones.
Tesla is now facing a crucial phase of reorganization as it reported a sharp 55% decrease in net profits for the first quarter of the year, compared to the same period last year.
Musk’s latest outreach to Buffett not only revisits a past opportunity but also highlights a potential strategic partnership that could bolster Tesla’s position in a challenging market.
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