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Musk shouted to Buffett, "Buy Tesla stocks!"!

bmxphg274
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On May 6th local time, a user commented on overseas social media that "Buffett should clear his position in Apple and buy Tesla." Tesla CEO Musk replied to the comment, "He (Buffett) should build a position in Tesla, which is an obvious (correct) decision."
Source: Social media X
According to Wind data, as of the close of the US stock market on the same day, Apple fell 0.91% and Tesla rose 1.97%.
Buffett revealed in this year's letter to shareholders that Berkshire Hathaway sold 10 million shares of Apple stock in the fourth quarter of 2023, reducing its market value by approximately $1.822 billion. The recently disclosed quarterly report shows that as of the end of the first quarter of this year, Berkshire Hathaway's holding value in Apple was $135.4 billion, compared to $174.3 billion at the end of the previous quarter; Apple remains the largest holding stock.
Buffett responded at the shareholder meeting that reducing his holdings in Apple was due to tax reasons. Because the investment has yielded considerable returns, the reduction of positions is not based on any judgment of his long-term view of the stock.
It is worth mentioning that at the 2023 shareholder meeting, Buffett mentioned Musk and stated that Musk is a very intelligent person. Despite his ambitious dreams, they are not unfounded.
Regarding the electric vehicle industry, Buffett admitted at last year's shareholder meeting that although he agrees that electric vehicles can overturn the automotive industry, no car factory can continue to hold a leading position, even for companies that have brought about the electric vehicle wave. "I may be able to predict what Apple will do in the next 5 to 10 years, but I cannot predict the direction of the automotive company in 5 to 10 years," Buffett said.
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