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Warren Buffett On Tesla FSD: Good For Society, Bad For Insurance Companies - He Could Be Tesla's Next Big Investor

Warren Buffett just mentioned Tesla in the Berskhire annual meeting, citing the reduction in accidents due to Tesla's full self-driving tech. It's good for society, bad for insurance companies.
Warren Buffett On Tesla FSD: Good For Society, Bad For Insurance Companies - He Could Be Tesla's Next Big Investor

Warren Buffett On Tesla

Warren Buffett, at the annual Berkshire meeting, talked about Tesla's FSD technology. He had this to say:

If accidents get reduced 50%, it's going to be good for society and bad for insurance companies. Good for society is what we're looking for.

He also talked about self-driving cars back in 2014 saying that is self-driving cars prove successful and reduce accidents dramatically, it will be very good for society and very bad for auto insurers.

This is a clue that he could be getting ready to, or may have already, invested into Tesla. If not, he may be waiting until true robotaxis become a reality in the next couple of years.

Certainly, investing in insurance companies for auto, assuming self-driving tech proves to be much safer and less accident-prone, will be a fool's errand in the future as insurance costs come way down, leading to far less profit for auto insurance companies.

Tesla's FSD has been improving quite rapidly, and it's now on version 12.3.6. A new version seems to be getting released every 8 to 10 days.

After a few days of driving without it, I couldn't handle not having it, so I subscribed to the monthly subscription for it. I rarely have to intervene, and usually it's an extreme situation when I do, such as an ultra busy unprotected left-hand turn.

You May Also Like: Elon Musk: Coming Soon, Your Tesla Will Take You To Your Destination And Park Automatically, Unless You Ask It Otherwise

Good For Society Is What Warren Wants

The fact that Warren Buffett mentioned that Tesla's FSD and the reduction in accidents is good for society and bad for insurance companies may give a clue to his future investments.

It's likely that any companies he is investing in that deal with insurance may be companies that he no longer invests in. He could be gearing up, if he hasn't already, to invest in Tesla.

Of course, this is all speculation without an official announcement, but I wouldn't be surprised to find out in the next couple of years that Berkshire has purchased Tesla stock.

Tesla with its safety features on its cars and FSD that is reducing accidents and driving better than a human more and more with each version is most certainly going to be better for society.

The next couple of years are not going to be boring, that's for sure!

For Further Reading: Tesla To Offer Unlock Of 40 to 60 Miles of Range For Recent Purchases Of Model Y RWD, Upping Range to 320 Miles - Awaiting Regulatory Approval

What do you think about Warren Buffett mentioning Tesla and the safety of its FSD software? Will this make Warren Buffett invest in Tesla for Berkshire?

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Hi! I'm Jeremy Noel Johnson, and I am a Tesla investor and supporter and own a 2022 Model 3 RWD EV and I don't have range anxiety :). I enjoy bringing you breaking Tesla news as well as anything about Tesla or other EV companies I can find, like Aptera. Other interests of mine are AI, Tesla Energy and the Tesla Bot! You can follow me on X.COM or LinkedIn to stay in touch and follow my Tesla and EV news coverage.

Image Credit: Tesla, Screenshot

Article Reference: Tesla

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