tl;dr
Preeti Singh, SA News Editor Elon Musk said that billionaire investor and chairman of Berkshire Hathaway (BRK.A) (BRK.B) Warren Buffett should buy a stake in Tesla (NASDAQ:TSLA). In a post on Monday on his social media platform X (formerly Twitter), Musk said Buffett “should take a position in Tesla...
Preeti Singh, SA News Editor Elon Musk said that billionaire investor and chairman of Berkshire Hathaway (BRK.A) (BRK.B) Warren Buffett should buy a stake in Tesla (NASDAQ:TSLA). In a post on Monday on his social media platform X (formerly Twitter), Musk said Buffett “should take a position in Tesla. It's an obvious move”. The reply came in response to a post calling for Buffett to buy TSLA after Berkshire disclosed a reduced stake in Apple (AAPL). At Berkshire Hathaway’s (NYSE:BRK.A) (NYSE:BRK.B) annual meeting on Saturday, Buffett said his investment firm will see "modest" growth in operating earnings in 2024 vs. 2023. During the meeting, Buffett said if Tesla (TSLA) manages to significantly reduce car accidents through automation technology, that would reduce costs and prices. Ajit Jain, vice chairman of Berkshire's insurance operations, said Tesla has yet to be successful with this automation effort. Buffett also expressed confidence in his successor Greg Abel, noting Abel will be in charge of stock investing decisions should he step down. He also said Apple (AAPL) would remain Berkshire’s largest common stock holding, despite the investment firm reducing its stake in the iPhone-maker in Q1 2024. Shares of Tesla (TSLA) and Berkshire Hathaway (BRK.A) (BRK.B) were up around 1% in the hours ahead of trading on Monday.
More about Tesla Inc
Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
INDUSTRY: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: $577.69 billion
Current Price: $46.33
Dividend Yield: None
Price/Earnings Ratio: 3.91
EPS: 29.8
Beta: 0.144
Shares Outstanding: 947.45 billion
Day's Range: $179.34 - $0.534
Price Change: -0.087%
More about Apple Inc
Apple Inc. is an American multinational technology company that specializes in consumer electronics, computer software, and online services. It is the world's largest technology company by revenue, totaling $274.5 billion in 2020, and since January 2021, the world's
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