Warren Buffett has called the outlook of Apple investing in Elon Musk-led Tesla a “very poor idea”.
“It’s not an easy business. There are many big companies with resources which are “going to copy what you do,”
American business magnate, investor, philanthropist and the chairman and CEO of Berkshire Hathaway Warren Buffett has called the outlook of Apple investing in Elon Musk-led Tesla a “very poor idea”.
During an interview with Fox Business, Buffett said. “You can win in auto one year and lose the next.”
“It’s not an easy business. There are many big companies with resources which are “going to copy what you do,” he added.
Berkshire Hathaway chief executive owns about $56 billion worth of Apple stock.
Buffett is noted for his adherence to value investing and for his personal frugality despite his immense wealth.
He is considered one of the most successful investors in the world and has a Net Worth of US$84 billion as of June 3, 2018, making him the third wealthiest person in the world.
