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Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk referenced Berkshire Hathaway Inc. CEO Warren Buffett‘s investment insights during an all-hands meeting on Thursday night, advising both employees and investors to concentrate on companies with strong product prospects.
What Occurred: “I believe it’s a metaphor from Warren Buffett—the stock market resembles having someone standing at your property’s edge, shouting prices to buy or sell your home every day,” Musk commented. “At times they take their medication, and at other times they don’t.”
“Invest in companies where you believe their products will significantly improve in the future,” Musk encouraged. “Do you admire the items produced by that company, and will they continue to innovate?”
“Hold on to your stocks,” Musk advised, underscoring Tesla’s long-term opportunities. “I anticipate that with Optimus and autonomous driving, Tesla might ultimately become the most valuable company globally.”
The late-evening meeting showcased Tesla’s accomplishment of producing over 7 million vehicles worldwide. Musk forecasted that the company could exceed 10 million vehicles in the coming year.
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Why It Is Significant: Musk highlighted multiple successes, including the Model Y becoming the best-selling vehicle globally and the Cybertruck leading as the top-selling electric pickup. He also noted advancements with Tesla’s Dojo supercomputer, which now manages roughly 5-10% of the company’s AI training tasks.
The rapport between the two billionaires seems respectful yet distant. Buffett recently remarked in a CBS News interview that he has “spoken to Elon a few times” but consistently evaded inquiries about Musk’s cost-cutting initiatives with the Department of Government Efficiency (DOGE).
Although TSLA shares have declined by 37.71% year-to-date, Musk remains optimistic about Tesla’s future, stating to attendees: “While it’s challenging to foresee the coming days or the next six to twelve months, if you ask where things might be in three or five years, the outlook for Tesla is exceptionally bright.”
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