Warren Buffet Rumored To Be Investing In Tesla

Tesla (TSLA) is surging to a new, near-record high on investors buying big into the stock following the announcement that it will be added to the S&P500.

Even Warren Buffett is rumored to be buying into Tesla.

It went up 8% yesterday, and it is extending its gains today by now trading 10% up intraday.

malba2367 - 11/19/2020 11:29:19 AM

+4 Boost

ummm...maybe it is Vanguard and Blackrock buying now that Tesla will be in the S&P 500. Why would one automatically assume Warren Buffett (the king of Value Investing) is buying?

CANADIANCOMMENTS - 11/19/2020 12:37:10 PM

+3 Boost

Precisely. Buffett is not going to buy on the high side, unless he feels that there is so much upward potential for this stock now that it is in the S&P 500.
Rumours are just that. Wait and see what he and others do.