Elon Musk suggests Warren Buffett should buy Tesla stock - and reveals Charlie Munger could have invested in 2008 at a tiny fraction of its valuation today
"Starts with a T …" Musk"Munger could've invested in Tesla at ~$200M valuation when I had lunch with him in late 2008," heMusk's tweet suggests that Munger — Buffett's 99-year-old business partner and Berkshire's vice-chairman — could have bought, say, 5% of Tesla for a measly $10 million in 2008.
Tesla went public two years later, securing a roughly $2 billion valuation. Its market capitalization skyrocketed during the pandemic, peaking at over $1.2 trillion in November 2021. The electric-vehicle company was still worth $617 billion as of Friday's close. Assuming Munger invested in 2008 and never sold any shares , he would have made 10 times his money on paper by the time of Tesla's IPO. Moreover, his 5% stake would have briefly been worth $60 billion in November 2021 — 6,000 times his initial investment, and approaching 10% of Berkshire's entire market capitalization and 60% of Buffett's net worth.
While Tesla stock has roughly halved since then, Munger's hypothetical position would still be worth about $31 billion today, or more than 3,000 times his original wager.
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