Tesla, SpaceX and X owner Elon Musk on Monday invited billionaire Warren Buffett, counted among the world’s biggest investors, to come and invest in Tesla. Tesla company is facing tough times amid global slowdown in EV sales. “Buffett should take a position in Tesla. It’s an obvious move,” Elon Musk said in a post on X. Warren Buffett’s Berkshire Hathaway has a stake in Chinese EV maker BYD but not in Tesla.
Invited even when the company’s price was 0.1% today
Elon Musk invited Warren Buffett to invest in Tesla early on, when the company was worth less than 0.1 percent of what it is today, or $7 billion. Elon Musk is trying to reorganize Tesla. The electric car company had registered huge losses in the January-March quarter this year. The company’s net profit fell 55 percent to $1.13 billion from $2.51 billion in the year-ago quarter. Shares of electric car company Tesla (Tesla Share Price) were seen trading at $ 181.19 with a gain of 0.66 percent or $ 1.18 on Monday.
Elon Musk’s net worth has fallen significantly
Billionaire Elon Musk’s net worth has also declined significantly this year. According to the Bloomberg Billionaires Index, Elon Musk’s net worth has fallen by $ 36.7 billion so far in the year 2024. Elon Musk is currently the third richest person in the world. His net worth is $192 billion. At one time he was the richest man in the world. “He would love to spend the last day of his life with his children,” Elon Musk said in response to a post last weekend citing Buffett’s advice about the importance of spending time with loved ones.
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