Source: Zhitong Finance

Elon Musk publicly invited billionaire investor Warren Buffett to invest on Monday$Tesla (TSLA.US)$. The invitation was raised in response to a user comment on social media. The user suggested that Buffett, chairman of Berkshire Hathaway (BRK.A.US), sell his shares in Apple (AAPL.US) and buy Tesla shares in return. Musk agreed with this and thought it was an “obvious move” for Buffett.

According to information, at Berkshire Hathaway's recent annual meeting, the company's chairman Warren Buffett gave a positive outlook on the company's future development. Buffett predicts that the company's operating profit will grow “moderately” in 2024 compared to 2023, which indicates the company's optimism about the upcoming year.

When discussing investment strategies, Buffett specifically mentioned Tesla and its potential in automation technology. He believes that if Tesla can significantly reduce the incidence of car accidents through automation technology, this will not only reduce costs, but also reduce product prices, thereby gaining a greater competitive advantage in the market. However, Agit Jahn, vice chairman of Berkshire's insurance business, raised a different point of view. He believes Tesla has yet to achieve significant success in automation technology.

Furthermore, although Berkshire Hathaway reduced its shares in Apple in the first quarter of 2024, Buffett emphasized Apple's important position in the company's investment portfolio. He confirmed that Apple will remain the largest common stock held by Berkshire, which shows Buffett's continued optimism about Apple's long-term value and market potential.

However, in his remarks on social media, Musk mentioned that Buffett should have a place in Tesla, which is not only a wise investment choice, but an obvious investment direction. Notably, Buffett's company Berkshire Hathaway currently holds shares in Chinese electric vehicle manufacturer BYD, but has yet to invest in Tesla.

Furthermore, Musk's interactions on social media aren't limited to investment advice. Over the weekend, he also said in response to a post about Buffett stressing the importance of spending time with his family that he would love to spend the last day of his life with his children.

It is worth mentioning that Musk had previously invited Buffett to invest in Tesla. At that time, Tesla's market value was only 0.1% of what it is now, or about 7 billion US dollars. Recently, Musk expressed his regret on social media, believing that Buffett missed the opportunity to invest during the period when Tesla's stock price was sluggish.

Currently, Musk is working to “restructure” Tesla as the company suffered serious financial losses in the first quarter of 2024. Tesla's net profit fell 55% compared to the same period last year, from $2.51 billion to $1.13 billion.

Tesla is facing a difficult period against the backdrop of a slowdown in global electric vehicle sales, and Musk's series of social media campaigns may be one of his strategies to boost the company's image and attract potential investors.

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