Berkshire Hathaway will buy Tesla for an incredible $1 trillion in cash, according to legendary investor Warren Buffett. Long renowned for his lack of interest in tech stocks and electric cars, the 94-year-old “Oracle of Omaha” apparently reached out to Elon Musk directly to make the historic offer.
“While I’ve publicly maintained that I don’t understand tech companies, I’ve secretly been driving a Cybertruck around my Nebraska neighborhood at night,” Buffett reportedly told investors on an early morning conference call on Tuesday, April 1.
A Record-Breaking Cash Deal
This all-cash acquisition isn’t just historic—it shatters every record in the books. At $1 trillion, it dwarfs the previous largest deal, Vodafone’s $203 billion purchase of Mannesmann in 2000.
When asked how Berkshire Hathaway managed to pull off such a staggering cash deal, Buffett didn’t miss a beat. “I’ve been keeping the money in a shoebox under my bed,” he joked, drawing laughter from investors.
Financial analysts, however, aren’t laughing. They’re racing to make sense of the unexpected move, given Buffett’s well-documented preference for companies with steady cash flow and strong market positions in traditional industries.
Buffett’s Hidden Interest in EVs
Buffett revealed on the conference that he has a collection of every Tesla model ever produced and has been a secret electric vehicle aficionado for years.
Buffett stated, “I’ve been telling people I still drive my old Cadillac, but the truth is I’ve put 100,000 miles on my Model S.” “I’ve been doing donuts in the Costco parking lot.”
The purchase was made a few days after Buffett stated that Berkshire Hathaway was “struggling to find attractive large acquisitions” in his yearly letter to shareholders. He apparently found one.
Musk will remain his “chief meme officer”
Elon Musk’s decision to stay with the firm and assume the newly established position of “chief meme officer” while Buffett personally oversees day-to-day operations is perhaps the most unexpected.
Musk assured reporters that he could still tweet anything he wanted. In addition, he’s providing me See’s Candies and Cherry Coke indefinitely. Those peanut brittle things—have you tried them? I adore those cute tiny fellas!
