Buffett knocks Elon Musk's plan for Tesla to sell insurance: 'It's not an easy business'

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'The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business,' says Buffett.

"It's not an easy business," Buffett told shareholders at the Berkshire Hathaway annual meeting. "The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business."that Tesla would be launching its own insurance product later in May.

About one third of Berkshire Hathaway's business is in the insurance space and that includes Geico. Before the annual meeting on Saturday, Buffett said Geico's value has risen more than

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Really bad idea to challenge elonmusk

Do it elonmusk !!!!

Yea, because he's threatened. Just like he hates Bitcoin because of his exposure to bank bets.

Neither is landing rockets or creating a neural network

Warren Buffett should just buy Tesla out since he owns the solar industry anyways. Why you think solar doesn't move it doesn't have the right evaluation yet not worth the real money

no shit he isnt- he owns geico

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