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2022-02-17

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Elon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'

Tesla IncElonMuskon Wednesday called outBerkshireHathawayIncVice ChairCharlieMungerfor his discouraging words over a decade ago that listed all the ways the billionaire entrepreneur’s electric vehicle

Elon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'

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He had in February last year said he hates the <b>Bitcoin</b> success.</p><p>“I don&#39;t welcome a currency that&#39;s so useful to kidnappers and extortionists and so forth,” he had said at the time.</p><p>Surprisingly, Buffett-controlled Berkshire had in the fourth quarter of 2021 initiated a position in the BTC-friendly Brazilian bank <b>Nu Holdings Ltd</b> while dumping shares of <b>Visa Inc</b> and <b>Mastercard Incorporated</b>.</p><p>The company led by the Oracle of Omaha bought $1 billion worth of Nubank shares in the fourth quarter of 2021 and sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock.</p><p>Musk had last year disclosed a $1.5 billion investment in Bitcoin and began accepting the cryptocurrency as payment for its vehicles before halting the initiative in May.</p><p><b>Price Action:</b> Tesla shares closed 0.1% higher at $923.39 a share on Wednesday.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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He had in February last year said he hates the Bitcoin success.“I don't welcome a currency that's so useful to kidnappers and extortionists and so forth,” he had said at the time.Surprisingly, Buffett-controlled Berkshire had in the fourth quarter of 2021 initiated a position in the BTC-friendly Brazilian bank Nu Holdings Ltd while dumping shares of Visa Inc and Mastercard Incorporated.The company led by the Oracle of Omaha bought $1 billion worth of Nubank shares in the fourth quarter of 2021 and sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock.Musk had last year disclosed a $1.5 billion investment in Bitcoin and began accepting the cryptocurrency as payment for its vehicles before halting the initiative in May.Price Action: Tesla shares closed 0.1% higher at $923.39 a share on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":103,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}