Elon Musk urges Warren Buffett to invest in Tesla

Elon Musk, the CEO of Tesla, has extended an invitation to billionaire investor Warren Buffett to consider investing in Tesla amidst challenging times for the electric car company. With a global slowdown in electric vehicle sales, Musk believes that Buffett should take a position in Tesla, describing it as an 'obvious move'.

Buffett's Berkshire Hathaway currently holds a stake in Chinese EV maker BYD but has not invested in Tesla. Musk had previously urged Buffett to invest in Tesla when the company's value was significantly lower than its current worth.

Responding to a post quoting Buffett's advice on spending time with loved ones, Musk expressed his desire to spend his last day with his children. Despite facing financial losses in the first quarter of this year, Musk is determined to 'reorganize' Tesla to overcome the challenges.

In the January-March quarter, Tesla reported a 55% drop in net profit, falling to $1.13 billion from $2.51 billion in the same period last year. Musk's proactive approach in seeking investments and addressing the company's financial performance reflects his commitment to steering Tesla through turbulent times.