Will Warren Buffett Invest In Tesla?

Warren Buffett’s Berkshire Hathaway is sitting on a record $157 billion cash pile, as the billionaire investor has found few attractive deals to put his money to work. The cash hoard has been boosted by both high interest rates and a dearth of meaningful deals.

He hinted through his longtime associate, Charlie Munger, about the possibility of investing in Tesla.

Despite Berkshire Hathaway reducing its holdings in BYD, Munger, during a podcast on Acquired, praised BYD’s founder, expressing, “He’s a fanatic that knows how to actually make things with his hands. He’s closer to ground zero in other words. The guy at BYD is better at actually making things than Elon is.”

Munger further emphasized the superior position of BYD over Tesla, stating, “I have never helped do anything at Berkshire that was as good as BYD,” and noting the exceptional rate of return on Berkshire’s initial investment in BYD, made in 2008. Munger highlighted that Berkshire’s investment had multiplied 33 times, stating, 

With a 33x return on investment, these investors are geniuses, even if the YOLO crowd may disagree.

Given these remarks, the likelihood of Warren Buffett investing in Tesla seems improbable in the foreseeable future, based on Munger’s praise and confidence in BYD’s success. Although as a driver, I still prefer Tesla. You can listen to the full podcast below.

More Articles for You

New Kia EV5 Debuts In Singapore As First Model To Be Assembled There

Kia’s electric EV5 has finally been introduced into Singapore after making its debut at the local motor show earlier this …

New Morgan Supersport Blends Retro With 21st Century Tech

At Morgan, change happens gradually. Over the 116-year history of the British company, the cars’ appearance and feel have remained …

Toyota Planning Big EV Push With 7 Models For North America

There’s some big news from Toyota. According to Bloomberg, Japan’s No 1 carmaker plans to launch seven new all-electric cars …

Callum Designs Reveals Sensational Jaguar E-Type Restomod

Boasting an enviable portfolio that includes the Aston Martin DB7, Jaguar XK, and F-Type, former Jaguar design director and current …

Phantom Goldfinger Debuts At Villa d’Este Event To Celebrate Centenary

A double homage has just been paid to one of the world’s most spectacular cars at arguably the world’s premier …

Geely’s Radar King Kong PHEV Packs A Massive 914 Nm Of Torque

The handle may sound a bit over the top, but Geely really did just name its latest plug-in hybrid SUV …