Elon Musk, the CEO of Tesla and SpaceX, has publicly said that he is not Warren Buffett. He did not plan to create a holding company, and he has no plans to invest in companies like Buffett does. He has even tweeted about starting a candy company, which seems like a far cry from what Buffett has been known for doing. In contrast, Buffett’s conglomerate owns dozens of companies, including Geico, Tesla, Precision Castparts, and See’s Candies.
Buffett is considered the father of modern-day investing, and Musk has jousted with other tech billionaires like Mark Zuckerberg and Jeff Bezos, whose ventures compete with SpaceX. However, Musk has a long history of reversing his positions, and his recent bid for Twitter is a clear example of this.
Tesla recently ended online sales of its entry-level Model 3 vehicle. It hopes that the $35,000 version of the car will help it break into the mainstream auto market. However, the $35,000 Model 3 is only available for sale in the U.S., and customers will need to make an appointment with a Tesla representative or visit a showroom.
The SEC is looking into the situation surrounding Tesla’s CEO, Elon Musk. The SEC has launched an investigation into whether Musk is violating securities laws by tweeting about taking the company private without legal clearance. This has prompted Musk to step down as Tesla’s chairman in an effort to settle the SEC’s claims.
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