Warren Buffett missed out on a monster return by not investing in Tesla early on, Elon Musk says
Buffett's business partner, Charlie Munger, turned down the chance to invest in Tesla at a $200 million valuation in 2008, Muskin late February. The electric-vehicle company went public at a roughly $2 billion valuation in 2010, and its market capitalization surged as high as $1.2 trillion in November 2021.
Musk's comment suggests that Buffett and Munger could have bought, say, a 10% stake in Tesla for $20 million in 2008. Ignoring any dilution, that position would have been worth about $120 billion at the stock's peak, and nearly $60 billion today — an almost 3,000% return on paper. Berkshire also swapped out holdings such as Wells Fargo, Gillette, and The Washington Post Company for a $119 billion stake in Apple, a $34 billion position in Bank of America, and $30 billion worth of Chevron shares as of December 31 last year.
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