Elon Musk’s NEW Challenge to Warren Buffett

Elon Musk just told Warren Buffett…

To DITCH Apple stock and buy Tesla stock instead.

Warren Buffet’s Berkshire Hathaway (NYSE: BRK-B) recently sold another 115 million shares of Apple (NASDAQ: AAPL).

It’s the second quarter in a row that Berkshire has dumped the stock.

Yet it still owns roughly 790 million Apple shares.

At the recent Berkshire annual shareholder conference…

Buffett said it’s “extremely likely” that Apple remains its largest common stock holding.

On Sunday, an X user asked Buffett to sell ALL Apple stock. And reinvest that cash into Tesla (NASDAQ: TSLA). Musk replied to the user saying…

Buffett commented over the weekend on the potential risk that auto insurers could face if Elon Musk and Tesla succeed in their self-driving initiative.

He said that “if accidents get reduced by 50%, it’s going to be good for society and it’s going to be bad for insurance companies’ volume. But good for society is what we’re looking for.”

I’m not sure if Tesla’s Autopilot will reduce accidents by 50%.

But so far it is much safer than the average car on the road, as you can see in the chart below.

That’s Tesla’s Vehicle Safety Report showing how Tesla’s using Autopilot experience an accident every 5 million miles.

You can also see how Tesla cars that are NOT using Autopilot have an accident every 1.4 million miles.

Meanwhile, the U.S. government reports that the typical car experiences an accident every 652,000 miles on average.

In other words…

Tesla with Autopilot is currently 87% safer than the average car on the road.

The liberal media likes to publish a lot of hit pieces about Tesla’s self-driving initiative.

But the truth is that Tesla’s self-driving initiative is already avoiding accidents and saving lives.

Not only that.

It’s also offering investors a brand-new profit opportunity to make 1,766% – thanks to a new AI breakthrough.

Ian Wyatt