Musk’s Tesla pitch to Buffett is anything but “obvious”

Musk’s Tesla pitch to Buffett is anything but “obvious”

Elon Musk urged Warren Buffett to seize Tesla with Berkshire Hathaway's ample cash.
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In a déjà vu of market turmoil, Elon Musk urged Warren Buffett to seize Tesla Inc., an "obvious move" with Berkshire Hathaway Inc.'s ample cash. Just like last year, Tesla's stock tumbled, this time 43%, mirroring 2023's gloom. Yet, amidst Musk's ever-changing narratives—EVs to robotaxis—faith endures, despite exec departures and valuation doubling. As Buffett ponders, one thing's clear: Tesla's rollercoaster isn't for the faint-hearted.

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By Liam Denning

Elon Musk thinks Warren Buffett should buy into Tesla Inc., tweeting that it's an "obvious move." Buffett's Berkshire Hathaway Inc. now sits on enough cash to take a roughly one-third stake in the electric vehicle manufacturer at the current price. He's no doubt seen some version of this movie before. But you actually don't need to be a nonagenarian investing legend to have done that. If your memory stretches back 12 months or so, that will do. Take a look at this.

___STEADY_PAYWALL___

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