Charlie Munger Told A Table Full Of People 'All The Ways Tesla Would Fail' — Elon Musk Said It Made Him 'Sad,' But He Agreed-To The Moon - Tiger Brokers Online Investing Community

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Charlie Munger Told A Table Full Of People 'All The Ways Tesla Would Fail' — Elon Musk Said It Made Him 'Sad,' But He Agreed

Benzinga04-12

Years before Tesla Inc. became a household name, the late Berkshire Hathaway Inc. Vice Chairman Charlie Munger had the opportunity to invest in the company but declined. Tesla CEO Elon Musk recalled ...

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Guavaxf30
·04-13
Oh wow. Please read this article carefully. Too bad Charlie Munger is no longer around to witness his worst fears for Tesla happening now.
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Vice Chairman Charlie Munger had the opportunity to invest in the company but declined. \nTesla CEO Elon Musk recalled ...</p>\n\n<a href=\"https://finance.yahoo.com/news/charlie-munger-told-table-full-154100698.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"https://finance.yahoo.com/news/charlie-munger-told-table-full-154100698.html","article_id":"2427324097","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427324097","pubTimestamp":1712936460,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Years before Tesla Inc. became a household name, the late Berkshire Hathaway Inc. 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Vice Chairman Charlie Munger had the opportunity to invest in the company but declined. \nTesla CEO Elon Musk recalled Munger's prognostications with a blend of respect and resolve, acknowledging potential challenges while maintaining his commitment to Tesla's mission.\nIn a February 2022 post on X, Musk detailed the meeting, writing, “I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail. Made me quite sad, but I told him I agreed with all those reasons and that we would probably die, but it was worth trying anyway.”\nDon't Miss:\n\nAmericans got swindled out of $24.6 billion in the last 3 years. Which high profile ponzi scheme was endorsed by millionaires?\nCan you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you.\n\nEven as Tesla's market capitalization soared, Munger maintained his skeptical perspective on Tesla's viability. In 2021, at the Sohn Hearts & Minds Investment Leaders Conference, he reportedly remarked, that Musk \"thinks he's even more able than he is,\" a trait he believed contributed to Musk's success. \n\"Never underestimate the man who overestimates himself,\" Munger said, acknowledging that overconfidence could lead to extraordinary achievements.\nIt wasn't just that he thought Tesla would fail. He wasn't sold on investing in electric vehicles (EVs) at all. \n\"The electric vehicle is coming big time,\" Munger said at the 2023 Berkshire Hathaway meeting. \"It is imposing huge capital costs and huge risks. And I don’t like huge capital costs and huge risks.\" \nThe conversation between Musk and Munger 15 years ago, which highlighted Silicon Valley's balance of caution and ambition, has become more relevant in 2024. As Tesla faces market challenges, these issues mirror Munger's early warnings.\nDespite achieving an impressive valuation and emerging as the world's most valuable carmaker, Tesla has faced a tumultuous 2024. The company's stock has plummeted by nearly 29% year to date, erasing about 40% of its value from a 52-week high of $299.29. The downturn has been attributed to a softening demand for electric vehicles and a fiercely competitive sector that has forced Tesla to lower its average selling prices, which has impacted its profit margins and, consequently, its stock price.\nMunger's decision not to invest in Tesla reflected his preference for more stable and established companies, indicating a conservative investment approach in contrast to Musk's determination and readiness to tackle risk. This contrast emphasizes the varied approaches to investment, where some investors seek stability and predictability, while others, inspired by the potential for groundbreaking advancements, are willing to face uncertainties. \nA financial adviser can assess an individual's risk tolerance and assist in diversifying their investment portfolio, aiming to balance potential risks and rewards according to their financial goals and risk tolerance. \nRead Next:\n\nHow to turn a $100,000 investment into $1 Million and retire a millionaire.\nThe average American couple has saved this much money for retirement. How do you compare?\n\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nAPPLE (AAPL): Free Stock Analysis Report\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article Charlie Munger Told A Table Full Of People 'All The Ways Tesla Would Fail' — Elon Musk Said It Made Him 'Sad,' But He Agreed originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":294713935061064,"gmtCreate":1712969982275,"gmtModify":1712969987898,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"Oh wow. Please read this article carefully.&nbsp; Too bad Charlie Munger is no longer around to witness his worst fears for Tesla happening now.","listText":"Oh wow. Please read this article carefully.&nbsp; Too bad Charlie Munger is no longer around to witness his worst fears for Tesla happening now.","text":"Oh wow. Please read this article carefully. Too bad Charlie Munger is no longer around to witness his worst fears for Tesla happening now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/294713935061064","repostId":2427324097,"repostType":2,"repost":{"id":"2427324097","pubTimestamp":1712936460,"share":"https://www.laohu8.com/m/news/2427324097?lang=&edition=full","pubTime":"2024-04-12 23:41","market":"us","language":"en","title":"Charlie Munger Told A Table Full Of People 'All The Ways Tesla Would Fail' — Elon Musk Said It Made Him 'Sad,' But He Agreed","url":"https://stock-news.laohu8.com/highlight/detail?id=2427324097","media":"Benzinga","summary":"Years before Tesla Inc. became a household name, the late Berkshire Hathaway Inc. Vice Chairman Charlie Munger had the opportunity to invest in the company but declined.Tesla CEO Elon Musk recalled Munger's prognostications with a blend of respect and resolve, acknowledging potential challenges while maintaining his commitment to Tesla's mission.In a February 2022 post on X, Musk detailed the meeting, writing, “I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail. Made me quite sad, but I told him I agreed with all those reasons and that we would probably die, but it was worth trying anyway.”Americans got swindled out of $24.6 billion in the last 3 years. Which high profile ponzi scheme was endorsed by millionaires?A financial adviser can assess an individual's risk tolerance and assist in diversifying their investment portfolio, aiming to balance potential risks and rewa","content":"<html><body><p>Years before Tesla Inc. became a household name, the late Berkshire Hathaway Inc. Vice Chairman Charlie Munger had the opportunity to invest in the company but declined. </p>\n<p>Tesla CEO Elon Musk recalled Munger's prognostications with a blend of respect and resolve, acknowledging potential challenges while maintaining his commitment to Tesla's mission.</p>\n<p>In a February 2022 post on X, Musk detailed the meeting, writing, “I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail. Made me quite sad, but I told him I agreed with all those reasons and that we would probably die, but it was worth trying anyway.”</p>\n<p><strong>Don't Miss:</strong></p>\n<ul>\n<li><strong>Americans got swindled out of $24.6 billion in the last 3 years.<strong> Which high profile ponzi scheme was endorsed by millionaires?</strong></strong></li>\n<li><strong></strong><strong>Can you guess how many Americans successfully retire with $1,000,000 saved?<strong> </strong><strong>The percentage may shock you</strong>.</strong></li>\n</ul>\n<p>Even as Tesla's market capitalization soared, Munger maintained his skeptical perspective on Tesla's viability. In 2021, at the Sohn Hearts &amp; Minds Investment Leaders Conference, he reportedly remarked, that Musk \"thinks he's even more able than he is,\" a trait he believed contributed to Musk's success. </p>\n<p>\"Never underestimate the man who overestimates himself,\" Munger said, acknowledging that overconfidence could lead to extraordinary achievements.</p>\n<p>It wasn't just that he thought Tesla would fail. He wasn't sold on investing in electric vehicles (EVs) at all. </p>\n<p>\"The electric vehicle is coming big time,\" Munger said at the 2023 Berkshire Hathaway meeting. \"It is imposing huge capital costs and huge risks. And I don’t like huge capital costs and huge risks.\" </p>\n<p>The conversation between Musk and Munger 15 years ago, which highlighted Silicon Valley's balance of caution and ambition, has become more relevant in 2024. As Tesla faces market challenges, these issues mirror Munger's early warnings.</p>\n<p>Despite achieving an impressive valuation and emerging as the world's most valuable carmaker, Tesla has faced a tumultuous 2024. The company's stock has plummeted by nearly 29% year to date, erasing about 40% of its value from a 52-week high of $299.29. The downturn has been attributed to a softening demand for electric vehicles and a fiercely competitive sector that has forced Tesla to lower its average selling prices, which has impacted its profit margins and, consequently, its stock price.</p>\n<p>Munger's decision not to invest in Tesla reflected his preference for more stable and established companies, indicating a conservative investment approach in contrast to Musk's determination and readiness to tackle risk. This contrast emphasizes the varied approaches to investment, where some investors seek stability and predictability, while others, inspired by the potential for groundbreaking advancements, are willing to face uncertainties. </p>\n<p>A financial adviser can assess an individual's risk tolerance and assist in diversifying their investment portfolio, aiming to balance potential risks and rewards according to their financial goals and risk tolerance. </p>\n<p><strong>Read Next:</strong></p>\n<ul>\n<li><strong>How to turn a $100,000 investment into $1 Million and<strong> retire a millionaire.</strong></strong></li>\n<li><strong>The average American couple has saved this much money for retirement.<strong> How do you compare</strong>?</strong></li>\n</ul>\n<p>\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news &amp; everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!</p>\n<p>Get the latest stock analysis from Benzinga?</p>\n<ul>\n<li>APPLE (AAPL): Free Stock Analysis Report</li>\n<li>TESLA (TSLA): Free Stock Analysis Report</li>\n</ul>\n<p>This article Charlie Munger Told A Table Full Of People 'All The Ways Tesla Would Fail' — Elon Musk Said It Made Him 'Sad,' But He Agreed originally appeared on Benzinga.com</p>\n<p><i>© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</i></p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Charlie Munger Told A Table Full Of People 'All The Ways Tesla Would Fail' — Elon Musk Said It Made Him 'Sad,' But He Agreed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharlie Munger Told A Table Full Of People 'All The Ways Tesla Would Fail' — Elon Musk Said It Made Him 'Sad,' But He Agreed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-12 23:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/charlie-munger-told-table-full-154100698.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Years before Tesla Inc. became a household name, the late Berkshire Hathaway Inc. Vice Chairman Charlie Munger had the opportunity to invest in the company but declined. \nTesla CEO Elon Musk recalled ...</p>\n\n<a href=\"https://finance.yahoo.com/news/charlie-munger-told-table-full-154100698.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4554":"元宇宙及AR概念","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4553":"喜马拉雅资本持仓","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4585":"ETF&股票定投概念","AAPL":"苹果","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0823411888.USD":"法巴消费创新基金 Cap","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4555":"新能源车","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4566":"资本集团","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","BK4559":"巴菲特持仓","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4550":"红杉资本持仓","BK4588":"碎股","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0444971666.USD":"天利全球科技基金","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","TSLA":"特斯拉","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4551":"寇图资本持仓","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BRK.A":"伯克希尔","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BRK.B":"伯克希尔B","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4548":"巴美列捷福持仓","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0072462426.USD":"贝莱德全球配置 A2"},"source_url":"https://finance.yahoo.com/news/charlie-munger-told-table-full-154100698.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2427324097","content_text":"Years before Tesla Inc. became a household name, the late Berkshire Hathaway Inc. Vice Chairman Charlie Munger had the opportunity to invest in the company but declined. \nTesla CEO Elon Musk recalled Munger's prognostications with a blend of respect and resolve, acknowledging potential challenges while maintaining his commitment to Tesla's mission.\nIn a February 2022 post on X, Musk detailed the meeting, writing, “I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail. Made me quite sad, but I told him I agreed with all those reasons and that we would probably die, but it was worth trying anyway.”\nDon't Miss:\n\nAmericans got swindled out of $24.6 billion in the last 3 years. Which high profile ponzi scheme was endorsed by millionaires?\nCan you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you.\n\nEven as Tesla's market capitalization soared, Munger maintained his skeptical perspective on Tesla's viability. In 2021, at the Sohn Hearts & Minds Investment Leaders Conference, he reportedly remarked, that Musk \"thinks he's even more able than he is,\" a trait he believed contributed to Musk's success. \n\"Never underestimate the man who overestimates himself,\" Munger said, acknowledging that overconfidence could lead to extraordinary achievements.\nIt wasn't just that he thought Tesla would fail. He wasn't sold on investing in electric vehicles (EVs) at all. \n\"The electric vehicle is coming big time,\" Munger said at the 2023 Berkshire Hathaway meeting. \"It is imposing huge capital costs and huge risks. And I don’t like huge capital costs and huge risks.\" \nThe conversation between Musk and Munger 15 years ago, which highlighted Silicon Valley's balance of caution and ambition, has become more relevant in 2024. As Tesla faces market challenges, these issues mirror Munger's early warnings.\nDespite achieving an impressive valuation and emerging as the world's most valuable carmaker, Tesla has faced a tumultuous 2024. The company's stock has plummeted by nearly 29% year to date, erasing about 40% of its value from a 52-week high of $299.29. The downturn has been attributed to a softening demand for electric vehicles and a fiercely competitive sector that has forced Tesla to lower its average selling prices, which has impacted its profit margins and, consequently, its stock price.\nMunger's decision not to invest in Tesla reflected his preference for more stable and established companies, indicating a conservative investment approach in contrast to Musk's determination and readiness to tackle risk. This contrast emphasizes the varied approaches to investment, where some investors seek stability and predictability, while others, inspired by the potential for groundbreaking advancements, are willing to face uncertainties. \nA financial adviser can assess an individual's risk tolerance and assist in diversifying their investment portfolio, aiming to balance potential risks and rewards according to their financial goals and risk tolerance. \nRead Next:\n\nHow to turn a $100,000 investment into $1 Million and retire a millionaire.\nThe average American couple has saved this much money for retirement. How do you compare?\n\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nAPPLE (AAPL): Free Stock Analysis Report\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article Charlie Munger Told A Table Full Of People 'All The Ways Tesla Would Fail' — Elon Musk Said It Made Him 'Sad,' But He Agreed originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}