Elon Musk: 'I'm not Warren Buffett'

Tesla CEO Elon Musk has no intention of combining his companies into a single parent corporation like Berkshire Hathaway..

VIEW IN BROWSER | SUBSCRIBE FRI, OCT 21, 2022 WARREN BUFFETT WATCH Elon Musk: 'I'm not Warren Buffett' Tesla CEO Elon Musk has no intention of combining his companies into a single parent corporation like Berkshire Hathaway.   During this week's earnings conference call, Musk was asked if, given his pending acquisition of Twitter and his shares in SpaceX, Neuralink, and Tesla, would there be any benefit from having them operate under a single structure, just as Google created Alphabet.   He didn't sound dismissive of Warren Buffett (this time), but he did draw a distinction as he said he has no plans for an "umbrella."   "It's not clear to me what the overlap is. It's not zero, but it's -- I think we're reaching.   "I'm not Warren Buffett. I'm not an investor. I'm an engineer and a manufacturing person and a technologist.   "So, I actually work and design and develop products. That's what I do." BUFFETT AROUND THE INTERNET Some links may require a subscription CNBC.com: Warren Buffett-backed BYD pops more than 5% after Chinese EV maker forecasts surging profits CNBC.com: (Berkshire)-backed digital bank Nubank to launch its own cryptocurrency in Brazil MarketWatch (subscription): Want to keep beating the S&P 500 and at much lower risk? Bet on Buffett, and perhaps this younger clone, says fund manager. Wall Street Journal (subscription): $228 Million Privacy Ruling Against (Berkshire's) Rail Giant Is 'Wake-Up Call' for Third-Party Risk The Motley Fool: Warren Buffett has billions in Apple shares. Here's why I disagree with him Financial Times (video): Warren's way: behind Buffett's buying spree | FT Due Diligence BERKSHIRE STOCK WATCH BERKSHIRE'S TOP U.S. STOCK HOLDINGS - Oct. 21, 2022 Berkshire's top holdings of disclosed publicly-traded U.S. stocks, and BYD, by market value, based on today's closing prices.   Holdings are as of June 30, 2022 as reported in Berkshire Hathaway's 13F filing on August 15, 2022, except for:   Apple, Bank of America, Chevron, and U.S. Bancorp, which also include shares held as of June 30, 2022 as disclosed in New England Asset Management's 13F filing on August 15, 2022 BYD, which is as of September 1, 2022 Occidental Petroleum, which is as of September 28, 2022   The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker. QUESTIONS OR COMMENTS Please send any questions or comments about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, but we don't forward questions or comments to Buffett himself.)   If you aren't already subscribed to this newsletter, you can sign up here.     -- Alex Crippen, Editor, Warren Buffett Watch Unsubscribe Manage Newsletters Terms of Service Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS

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