• Musk emphasizes differences from Buffett
• Billionaire clashes
• Tesla boss still praises major investors
That Elon Musk is not a Buffett supporter, the Tesla boss has already emphasized several times. When asked if Musk would consider bringing his many companies under one parent organization like Buffett is doing with Berkshire Hathaway, he replied, “I’m not Warren Buffett.” Musk emphasized in the conference on Tesla’s third-quarter results that he is not an investor, but an engineer, manufacturing engineer and technologist.
Musk finds Buffett’s job boring
As early as 2021, Musk noted in an interview with Time magazine, which he gave on the occasion of his “Person of the Year 2021” award, that he found the job of major investors “super boring”. He went on to say that he’s not Buffett’s biggest fan, who he believes his job is to read boring annual reports, stressing that it’s not his job. It’s not the first time the two billionaires have teased each other. The most notorious argument came in 2018, when Musk called Buffett’s economic “moat” strategy lame. Warren Buffett, on the other hand, criticized Musk’s often controversial tweets. Nevertheless, the Tesla boss also has words of praise for Buffett and says that he is pretty good at his job. Unlike other investors, Buffett doesn’t support disproportionate consumption with his vast fortune, but, according to Musk, does useful work for the economy.
Doers versus money movers
In his own eyes, the Tesla boss is a doer and not a shareholder. His tasks are to work, to design and to develop. In other words, in Musk’s eyes, he and Warren Buffett are two completely different types of entrepreneurs. According to Fortune, he is reminiscent of a discussion that was current around 2010, namely “maker versus taker”. The debate revolves around the idea that financiers like Buffett move money while others, like Musk, build new things on their own. Considering that Elon Musk has become the biggest investor in the social media platform as part of his Twitter purchase, this discussion can arguably be viewed with tongue in cheek.
Editorial office finanzen.net
Leverage must be between 2 and 20
No data
More news about Berkshire Hathaway Inc. B
Image sources: Kevork Djansezian/Getty Images, john smith williams / Shutterstock.com