Elon Musk, Warren Buffett Spar After Berkshire Billionaire Disses Tesla

By CCN: Billionaire Elon Musk joked about Warren Buffett after the Berkshire Hathaway chairman dissed his plans to launch Tesla insurance and said he’d bet against it. At the Berkshire Hathaway annual shareholders meeting this weekend, Buffett questioned the wisdom of a Tesla insurance product, which Musk plans to launch soon. Warren Buffett: I’d Bet Against Tesla Insurance Buffett — whose net worth tops $89 billion — says insurance is a tough racket to break into. Accordingly, he expressed skepticism that Tesla could gain traction in the competitive industry. “It’s not an easy business,” Buffett told shareholders (via CNBC). “The

The post Elon Musk, Warren Buffett Spar After Berkshire Billionaire Disses Tesla appeared first on CCN

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