As Tesla sales drag down, Elon Musk asks billionaire Warren Buffett to invest in the EV maker

Elon Musk invited billionaire investor Warren Buffett to invest in his firm Tesla. This comes as the EV maker is grappling with a drop in sales.

Elon Musk's invitation

A user on X said that Warren Buffett must divest his stake in Apple and direct his investments towards Tesla. Responding to it, Musk said, such a move would be "obvious" for the seasoned investor.

c'mon Warren Buffett, sell all your $AAPL and buy $TSLA

— Gali (@Gfilche) May 6, 2024

"He (Buffett) should take a position in Tesla. It's an obvious move," declared Musk in a social media post.

He should take a position in Tesla. It’s an obvious move.

— Elon Musk (@elonmusk) May 6, 2024

This is not the first time, Musk has reached out to Buffett regarding investment. Earlier, the Tesla founder invited Buffett to invest in Tesla during its early stages when the company's value stood at a mere 0.1%, amounting to less than $7 billion of its present valuation.

While Warren Buffett's Berkshire Hathaway holds a stake in Chinese EV manufacturer BYD, it has yet to acquire shares in Tesla. Tesla reported significant losses in the first quarter of this year, witnessing a staggering 55% decline in net profit, dropping from $2.51 billion to $1.13 billion compared to the same period last year.

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