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Warren Buffett Comments On Whether Elon Musk's FSD Will Impact Berkshire's Auto Insurance Business. Will Oracle Of Omaha Bet On Tesla?

Benzinga ·  May 5 17:09

WillTesla, Inc.'s(NASDAQ:TSLA)full self-driving technologypose a risk to the prospects of one ofBerkshire Hathaway, Inc.'s(NYSE:BRKA) (NYSE:BRKB) portfolio companies? Billionaire investorWarren Buffettwas asked this question at the company's annual shareholder meeting on Saturday.

Tesla A Risk To GEICO?An investor in bothElon Musk's Tesla and Berkshire posed a question to Buffett: If Musk succeeds in reducing accidents by 50% compared to human drivers with Full Self-Driving (FSD), wouldn't auto insurance rates decrease to reflect the reduced underwriting risk? The investor also asked the investment...

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