Warren Buffett has said he would not invest in Tesla. On top of that, the Berkshire Hathaway chief’s right hand once claimed that Elon Musk “may be overestimated.”
Musk, for his part, admitted in May that he “is not Buffett’s biggest admirer.”
Two months later and not much has changed, apparently. When Musk was asked in a recent New York Times interview if he thought Buffett was “overrated,” here’s how he replied:
“
“He managed to create a great image for himself as a kind grandfather, which may overstate the case.”
“
Buffett, isn’t that the “nice grandpa” he’s so crazy about? Gasp!
OK, that’s not a particularly cruel jab, they’ve both heard much worse, but it’s pretty clear there’s at least a little bit of animosity between two of the world’s richest men.
This enmity is not exactly new. The big pocket duo made headlines in May 2018 when Musk said in a call with analysts that Buffett’s concept of the economic moat is “lame.” Buffett returned fire saying, “I don’t think he wanted to take us with candy.”
But are there enough competitive juices flowing for Musk to send this classic clip to Buffett after he briefly passed it on the Bloomberg Billionaires Index earlier this month?
When the Times asked him that question, Musk replied, “Did I do that ?! Deny!”
Of course, Musk has been drinking the shakes of many of his enemies lately, and Tesla has more than tripled so far this year. Buffett, on the other hand, has warmed up a bit, as Berkshire has lost more market value in 2020 than all but a handful of publicly traded U.S. companies.
Read: Buffett ‘lost some of his mojo,’ says longtime Berkshire shareholder
Tesla TSLA,
Shares rose nearly 2% in Monday’s session, while Berkshire BRK.A,
I was caught in the red. The Dow Jones Industrial Average DJIA,
, S&P 500 SPX,
and Nasdaq COMP, heavy on technology,
They were all moving higher.
.
