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Share with friends and circle of friends with wechat scanning QR code < / P > < p > < / P > < p > on October 19, Tesla and SpaceX CEO Elon Musk recently sent a document to ridicule Warren Buffett, a well-known investor with the reputation of "God of stocks", who is poorer than him. Musk hinted that if Buffett wants to catch up with him in terms of wealth, he should buy Tesla shares < p > musk responded to a tweet on twitter, saying that his net assets exceeded the sum of Buffett and Microsoft co-founder Bill Gates. Musk wrote: "maybe Buffett should invest in Tesla, ha ha!" < / P > < p > the Bloomberg billionaire index shows that Musk's current net assets are $236 billion, more than twice that of Buffett. As CEO of Berkshire Hathaway, Buffett's wealth is about $103 billion < p > musk may not expect Buffett to become a shareholder of Tesla, because it is well known that the 91 year old investment veteran likes to look for "bargains" and insists on investing in the business he knows. Since the beginning of 2020, Tesla's market value has expanded nearly 10 times, and the company has made large bets on artificial intelligence (AI) and bitcoin < p > musk has also clashed with Buffett before. The most recent time is that he rejected Berkshire's proposal to build 10 natural gas power plants in Texas in order to help deal with the state's next power crisis < p > although musk has quoted Buffett in the past, he admits that he is not the "iron powder" of the investor. He said that sitting at Berkshire Hathaway to distribute capital was "a little boring" and questioned Buffett's image as a "charitable grandfather" < p > it is worth noting that musk once said on the 2018 earnings conference call that Buffett's idea of "economic moat" was "very bad". The so-called economic moat refers to continuous competitive advantage, such as a popular brand or patented technology. Musk believes that the speed of a company's innovation is the key determinant of its competitiveness < p > Buffett defended the concept of "economic moat" at the annual shareholders' meeting of Berkshire Hathaway that year. He pointed out that the low cost of GEICO, the fourth largest automobile insurance company in the United States, and consumers' loyalty to brands such as Coca Cola and Snickers are powerful moats that can shut out competitors < p > Buffett also said: "Musk may mess things up in some areas." he joked: "I don't think he wants to compete with us in the candy field." he referred to see's candies under Berkshire Hathaway < p > musk joked on Twitter: "I'm going to start a candy company, which will be a surprise." in contrast, Buffett said he would not compete with musk in the automotive industry. In an interview in 2018, he said: "I really don't want to produce cars as urgently as he does, but he obviously wants to produce candy." < / P > < p > Buffett previously praised musk as a "great man", but also said that he "has more room for progress" and should tweet more selectively. (small) < / P > < p >

2023-03-22 10:04:45