‘We don’t want to compete with Elon’: Warren Buffett

‘We don’t want to compete with Elon’: Warren Buffett

Elon Musk and Warren Buffett

Elon Musk and Warren Buffett are talented in their own right. One is a serial entrepreneur who co-founded Tesla Inc., revolutionized the electric car industry and is sending rockets into space. The other is an investing legend who has helped Berkshire Hathaway Inc. shareholders generate extraordinary returns for decades.

At Berkshire’s latest annual shareholders meeting, Buffett spoke highly of the Tesla CEO.

“Elon is a brilliant, brilliant guy,” Buffett said. “He dreams about things, and his dreams have got a foundation.”

Musk is so brilliant that even a magnate like Buffett refrains from entering the same arena as him.

“We don’t want to compete with Elon in a lot of things,” the Berkshire CEO said.

Buffett’s right-hand man Charlie Munger quickly agreed, adding “We don’t want that much failure.”

Although Tesla is a dominant player in the global electric vehicle (EV) industry, other are companies competing in this arena. Here’s a look at three of them — including one that Buffett has a stake in.

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