Elon Musk Says Warren Buffett Should Buy Tesla Stock

Elon Musk suggested Warren Buffett invest in Tesla, following Buffett's comments on the impact of Tesla's Full Self-Driving technology on the insurance industry. Buffett noted that while reduced accidents are good for society, they could lower insurance volumes. Musk responded on social media, advocating for Buffett to take a position in Tesla, despite Buffett's existing investment in Tesla's rival, BYD.

Tesla's stock saw a positive movement, increasing by 3% after Musk's comments. This follows a broader discussion on Tesla's focus on autonomy and AI during their recent earnings call, where Musk emphasized the company's commitment to solving autonomy. Tesla's financial performance showed a significant rise in stock value following their first-quarter earnings report, despite a negative free cash flow due to investments in AI infrastructure.