Warren Buffett Doesn’t Want Apple to Invest in Tesla, Here’s Why

Renowned investor and Wall Street legend, Warren Buffett, has weighed in on rumors that Apple may be thinking about investing in electric car-maker, Tesla Inc. In an interview to Fox Business on Thursday, Buffett, who is the second-largest holder of Apple shares with a stake worth about $56 billion, said it would a “very poor idea” to enter the auto business.

According to Buffett, “It’s not an easy business. You can win in auto one year and lose the next. You’ve got a dozen big companies out there with resources. They’re going to keep coming. They’re going to copy what you do”. He, however, said he’d support whatever decision is taken by Apple CEO, Tim Cook. “I’d support whatever Tim Cook does, but I think it’d be a very poor idea to get in the auto business”.

During the course of the interview, the Oracle of Omaha, whose investment vehicle, Berkshire Hathaway, earlier this week announced an investment in Indian online payments firm, Paytm, also betrayed a sense of disdain for some of recent antics of the Tesla founder, Elon Musk, who has often gotten into self-created controversies through ill-conceived tweets and actions.

Taking particular cognizance of the now-infamous “funding secured” tweet which has since gotten Musk into legal troubles with the US Securities and Exchange Commission (SEC), Buffett said that the Tesla founder should have corrected himself immediately after his misleading tweet. “If you misspeak, you correct it immediately”, he said.

The developments come in the wake of a series of stunning events that started with Musk tweeting earlier this month that he has secured the necessary funding to take Tesla private, without giving any further details. Musk has since clarified his position, saying that he is no longer seeking to take the company private.

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Lenovo IdeaPad Slim 5i Review: A Powerful Workhorse

It’s been quite some time since Intel announced its 11th-gen laptop processors, complete with the new logo design and Intel Iris Xe graphics. And yet, so far I’ve not gotten my hands on a laptop packing the new processor and iGPU. That all changed when Lenovo sent over the IdeaPad Slim 5i (Rs. 61,990) with […] The article Lenovo IdeaPad Slim 5i Review: A Powerful Workhorse was first published on Beebom

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Mysterious Drones Spotted in Colorado and Nebraska; Sources Unknown

A group of drones was reportedly been spotted in the sky at night last week in Colorado and Nebraska that made the residents anxious and worried. The police officials in charge have no idea regarding where these drones are from. “They’ve been doing a grid search, a grid pattern. They fly one square and then they fly another square,” Colorado’s Phillips County Sheriff Thomas Elliot told the Denver Post. The drones have an approximate six-foot wingspan and stay 200 to 300 feet away from buildings. At least 17 drones have been spotted till now. They appear at around 7 PM at night and disappear at around 10 PM . Until now, the drones have not been caught doing any illegal or unofficial activities. “They do not seem to be malicious. They don’t seem to be doing anything that would indicate criminal activity,” Sheriff Elliott added. The Federal Aviation Agency, the Air Force, Drug Enforcement Administration, and US Army Forces Command confirmed that the drones did not belong to them.

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