Warren Buffet Says Tesla Stock Will SKYROCKET to $10,000

the famous investor who made most of his money in stocks Warren Buffett has recently emphasized that Tesla will see a sharp increase in growth I'll wager that if you own Tesla stock you're intrigued if not I advise you to continue watching since you might learn a few things about the company remember to click the like And subscribe buttons for more videos like this all set now let's move Elon Musk the controversial CEO of the electric vehicle Firm made fun of Warren Buffett's wealth in a light-hearted manner to catch up he recommended Buffett purchase stock in his electric car startup in response to musk Buffett said in an interview that although he is not a shareholder in Tesla he doesn't think less of musk in his business one of the most renowned and successful investors in the world is Warren Buffett the CEO of Berkshire Hathaway and one of the most contentious Investments on Wall Street is Tesla Buffett has consistently issued high growth businesses with large profit multiples in favor of a value investing approach in the market for Value investors like Warren Buffett who is renowned for closing deals and sticking with companies he understands General Motors is a great option for stocks Buffett has owned a variety of shares in the company over the last 5 years as part of his Investment Portfolio Tesla is undoubtedly one of the best growth stocks available and its stock prices are expected to have more consistent and steady growth in the future due to the company's adoption of highlevel business strategies even though gross margins are expected to decrease when Tesla ramps up production of the more affordable model the price of Tesla stock has fluctuated a lot with more highs than lows and even the most seasoned Wall Street experts find it difficult to predict the fact that the brand often beats Wall Street projections is proof of this the company's shares which closed at $766 37 cents on March 14th to 36% below the year's Peak on January 3rd the first trading day of 202022 reflects it substantial variations Less Than 3 weeks after the Berlin facility opened and celebrated its first deliveries on March 22nd Tesla's stock price started to rise again unfortunately a lack of computer chips and other parts has caused a major slowdown in overall production however Tesla has managed to break this trend as a result since the company's original split in August 2020 shares have more than doubled as you may have already guessed there is a fascinating relationship between Buffett and musk in response to a recent Twitter discussion musk declared that he was worth more than Bill Gates the co-founder of Microsoft and Buffett together musk made a joke about Buffett possibly buying Tesla stock Elon Musk the CEO of Tesla and SpaceX has a higher net worth than birkshire hathway CEO Warren Buffett 200 $36 billion based on the Bloomberg billionaires index in the past Buffett has praised musk as a remarkable person but he has also said that he needs to be more cautious while tweeting and that he has space for improvement musk has acknowledged that despite his earlier praise for Buffett he is not the man's biggest admirer he has questioned Buffett's altruistic grandfather Persona and described overseeing Burk Shore's financial affairs as a tiresome task Buffett's theory of economic Moes for long-term competitive advantages such a well-known brand or patented technology was called stupid by musk during an earnings call for the Tesla results report he claims that the most important measure of a company's competitiveness is how Innovative it is this is seen from the way he handles Tesla which has earned him criticism from many Buffett believes that Elon Musk has the ability to completely transform a number of Industries while acknowledging that he is not interested in competitive Innovation the investor made references to Tesla's genius on the other hand it would be foolish to wager against Elon Musk or Tesla Buffett's prediction that musk will be able to completely change the course of history proved to be right with the opening of two new facilities Tesla sales are predicted to rise even further this year Tesla's long delayed goal to start producing its electric cybertruck has advanced significantly with the launch of its gigafactory in Austin Texas in celebration of the launch Tesla also recently hosted a cyber Rodeo where attendees were asked to eat drink and pay respects to Elon Musk musk en thusly addressed the assembled crowd saying that Tesla was beginning a new chapter in its Destiny we need a that will allow us to grow enormously and Texas is the only option we're going to accomplish something big this new plant is the corporation's fourth in the US following the car plant in Fremont California one of the battery plants in Sparks Nevada and the solar plant in Buffalo New York this accomplishment came less than a year after Tesla formally moved its headquarters from California to Texas and less than two years after musk declared Austin would be the site of the company's new gigafactory space restrictions at the company's Fremont California facility had historically limited Tesla's capabilities in the US the new gigafactory is anticipated to boost that capacity according to musk the company's manufacturing facility in California was bursting at the seams any moment soon Tesla is anticipated to reveal its first quarter sales results Global sales are predicted to be comparable to the 38,000 cars sold in the fourth quarter of 2021 a 67% increase over the same period the previous year Edmond's and Cox's Automotive forecast that new car sales in the US will drop by 15 percentage points from the same period last year due to low Supply it is crucial to keep in mind that despite record high prices the stock market is an anticipatory mechanism meaning that at any given moment stock prices reflect the collective expectations of investors all of the big manufacturers including GMA company in which Buffett owned stock have sold or plan to sell reasonably priced electric cars GM is in a strong position to supply this gear in the US because of its manufacturing Network among GM's facilities are powertrain plants one tooling center six metal working centers four component holding centers and one battery assembly Factory furthermore its industrial infrastructure is far superior to Tesla's with seven plants located in China and four assembly facilities located in Mexico and Canada these two big companies have made several footholds in order to diversify their Investments the two companies approaches share certain commonalities indicating that they are not as dissimilar as previously thought in this period of limited Supply Tesla and its stock are currently doing better than many had predicted it makes sense that a lot of investors waren Buffett included anticipate Tesla's expansion to continue the business is Young and has a front row seat to the Future that we are going to experience Elon Musk has demonstrated to the financial community and Burkshire investors that a company's ability to innovate is its most important metric for determining its competitiveness despite not being an investment Buffett appears to be quietly impressed by musk's Vision this concludes the video it is our sincere goal that this video provides you with some insight to help you make decisions about your future Investments what is your prediction for the rise or decline in Tesla stock please comment below remember to click the like And subscribe buttons we appreciate your time and we'll see you in our upcoming video e die you