In the last 10 years, we've only had two surefire
headline grabbers in our business.
Warren Buffett and Elon Musk got nothing to do.
Find something to say about either one of these guys.
That's the easy way to attract eyeballs.
Keep your journalism job. The coverage has been encased in
awe.
You want to get right with Buffett?
You want to be on the same side as Musk?
Getting wet with Buffett means loving his annual letter no
matter what and recognizing the sweet,
generous pilgrimage to Omaha where folks can still
eat seized candies and enjoy all that folksy wisdom.
Pure joy. Everybody loves Buffett.
Then there's Musk, and he's a different kind of billionaire.
There's an awkward dynamic when the press covers him because
it's all over.
Hate When Tesla stock is going up.
Everybody, especially Wall Street, loves the guy.
As long as his stock's headed in the right direction,
it's pure praise. He's a genius.
His cars are phenomenal. Tesla's not even a car company.
It's a tech company On wheel.
Cyber truck bulletproof. Lookout. F-150.
the Rockets, Twitter now X.
No problem for Musk. He isn't bipolar.
He's tripolar. He can handle it.
Oh, but when the stock's going down,
like right now, suddenly everybody has a lot of criticism
over here is that Tesla's cars are coming down in
price.
Chinese competitors slicing into their sales maybe permanently because Musk
can't deliver a low cost model.
Hertz has too many of them.
Can't get rid of them.
Cybertruck can't sell them. Bulletproof aspects,
less useful than the F-150.
It's kind of an armored pickup.
Lamborghini, totally unacceptable for small medium sized business owners.
And Musk seems completely distracted by the collapse of X,
the artist formerly known as Twitter.
You hear he's obsessed with himself,
the Kardashian of technology. He's a troubled man.
So what's correct? How should the media approach Musk?
Look, unlike Warren Buffett, is a tough call.
Buffett's Berkshire Hathaway as so many levers that it's truly
magnificent at.
Its courts and insurance company have a good one,
which nobody most really cares about.
But the business is essential because all auto insurance companies
seem to do is raise prices.
We sold up with a CPI this morning,
and Buffett's GEICO is the cheapest,
the best. How about Berkshires portfolio?
Apple turn out to be terrific.
Buy American specialist. Take it off.
Oxen on petroleum. Wow. Right at the bottom,
a railer burned in order,
which is still loved even though it's doing not AS
as well as it should be right now.
It can only get better.
He's got a terrific pipeline network when those things are
suddenly in demand.
And yes, he did buy Japan at the Lowe's.
The man's bulletproof, but Musk
because none of his other companies have come public,
the man does seem as a one trick pony.
And the tricks getting old
with the downgrades and price target cuts,
the long knives are really out from us.
They obviously never liked him.
They only liked the Tesla stock.
Was a juggernaut. He's always treated the street with contempt.
Well, right back at you.
The former sycophants in the media suddenly don't know what
to do.
If they turn him, they'll never talk to him again,
and they'll lose their ability to generate page views.
They're joined at the hip.
But maybe the hip needs a replacement.
My view? Look, even when Tesla's business is falling and
the stock is going down,
I always caveat that by reminding that Elon Musk is
brilliant.
But now there are overtones that he's lost his touch.
Or maybe become more of an evil genius,
Which I think, by the way,
is unfair, but life's unfair.
At the end of the day,
though, these two men are defined by their stocks,
and Buffett is killing it,
and Musk is being killed.
We're rubbernecked. I say that we have an overdose of
coverage on Musk because he makes the irrelevant relevant and
the prosaic period.
We actually ought to have more coverage on Buffett,
the guys running an empire with truly fabulous attendance.
His lasting legacy may be that he sure knows how
to pick successors.
Let me wrap this up by saying that famously,
we are in a What have you done for me
lately?
Business. Buffett does it endlessly Musk.
Nothing that can make you money right now
and no matter what to the small minds of Wall
Street,
that's really all that it's about.
I like to say there's always more market somewhere.
I promise. Trying to find it just for you right
here on Mad Money.
I'm Jim Cramer. See you tomorrow.
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