This article comes from: Financial world
One user posted on the social media platform "X" sayingbingorushBerkshire Hathaway's boss should sell all of Apple's stock and buy Tesla instead. Musk then responded,"He should own Tesla stock. This is an obvious move." Musk did not explain why this was obvious.
Buffett and his late partner Charlie Munger had previously praised Musk, who said: "Tesla's achievements in the automotive industry are a small miracle." However, Tesla's finances generally do not appeal to Buffett. Tesla's share price is 66 times next year's earnings, 9 times book value, and 57 times cash flow, according to FactSet. Although still high compared to other companies in the industry, these values are relatively low compared to Tesla's own history.