Tesla CEO and billionaire Elon Musk issued the latest warning on Sunday. He criticized the Federal Reserve for not cutting interest rates sooner in his comment on "Buffett's stock holdings reduction". Musk made the above remarks in response to a post on X, which said that Berkshire Hathaway, headed by billionaire investor Warren Buffett, increased its reserves of cash equivalents and short-term Treasury bonds after cutting stock positions (including its largest holding Apple). Apparently, Musk was using Buffett's stock selling post to express his dissatisfaction with the Federal Reserve. Musk has called on the Federal Reserve to cut interest rates more than once because high interest rates increase the cost of buying cars, thereby suppressing people's demand for Tesla electric vehicles.
