Elon Musk Reminds Warren Buffett He Missed Out: 'Could've Invested In Tesla When We Were Worth Basically Nothing'
Portfolio Pulse from Shanthi Rexaline
Tesla CEO Elon Musk has expressed regret that Warren Buffett, CEO of Berkshire Hathaway, did not invest in Tesla when the company was worth significantly less. Musk's comments came in response to a social media post praising Buffett's investment strategies. Musk had previously stated that Charlie Munger, Buffett's business partner, had the opportunity to invest in Tesla 15 years ago when the company was valued at around $200 million. Despite recent praise for Musk from Buffett and Munger, it is unlikely that Berkshire Hathaway will invest in Tesla due to its high P/E multiple and growth stock status.
August 17, 2023 | 2:34 pm
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Elon Musk's comments about Warren Buffett not investing in Tesla when it was worth less may not have a significant impact on Tesla's stock price. The company's high P/E multiple and status as a growth stock make it unlikely that Berkshire Hathaway will invest.
Elon Musk's comments about Warren Buffett not investing in Tesla when it was worth less are unlikely to have a significant impact on the company's stock price. While the comments may generate some media attention, they do not change the fundamental financial situation of the company. Furthermore, the high P/E multiple and status of Tesla as a growth stock make it unlikely that a value investor like Berkshire Hathaway would invest.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100