Musk says Buffett should buy Tesla stock
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 6 May 2024
⏱️ 4 minutes
🧾️ Download transcript
Summary
Show Notes
Earnings estimates for the Magnificent 7 are ramping up. What about the other 493?
Episode transcripts seekingalpha.com/wsb
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:10.0 | Good afternoon. Today is Monday, May 6th I'm your host Kim Khan. Our top story so far. |
| 0:16.0 | Elon Musk says Warren Buffett should take a stake in Tesla. In a post on Monday on |
| 0:21.2 | X, formerly Twitter, |
| 0:23.0 | Musk said Buffett, should take a position in Tesla. |
| 0:26.0 | It's an obvious move. |
| 0:27.0 | The reply came in response to a post calling for Buffett to buy Tesla |
| 0:31.0 | after Berkshire Hathaway disclosed a reduced stake in Apple. |
| 0:34.1 | At the Berkshire Hathaway annual meeting on Saturday, Buffett said if Tesla |
| 0:38.7 | manages to significantly reduce car accidents through automation technology that would reduce costs and |
| 0:44.4 | prices. Ajit Jane, Vice Chairman of Berkshire's insurance operations, said |
| 0:49.1 | Tesla has yet to be successful with this automation effort. |
| 0:51.8 | Buffett said Berkshire will see modest growth in operating earnings in 2024 versus |
| 0:57.2 | 2023. |
| 0:59.2 | In today's trading, growth stocks are leading gains in the major averages with the NASDAQ up about |
| 1:04.4 | three quarters of 1% ahead of the S&P 500. Energy and industrials are the leading sectors |
| 1:10.3 | with consumer staples bringing up the rear. |
| 1:13.0 | Among active stocks, Stewart Healthcare System, the largest U.S. physician-led hospital operator, |
| 1:19.0 | says it's filed for Chapter 11 bankruptcy, a move that was widely expected. The company is finalizing |
| 1:24.9 | the terms of debtor in possession financing from Medical Properties Trust for initial funding |
| 1:29.9 | of 75 million and up to an additional 225 million contingent on certain conditions. |
| 1:36.0 | Stewart is the largest tenant of MPW. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.