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Berkshire Hathaway, Inc.s BRKA BRKB fourth-quarter earnings report released on Saturday showed that the investment-holding companys cash position at the end of the year increased from the September level.

What Happened: Tesla TSLA CEO Elon Musk offered an opinion for investing the cash reserves of theWarren Buffett-led company.He was responding to a traders tweet soliciting opinions regarding the stocks Berkshire can buy with the $128 billion+ cash it holds.

Starts with a T, the billionaire replied, apparently referring to his flagship electric vehicle venture Tesla.

Starts with a T Elon Musk (@elonmusk) February 26, 2023

Musk followed it up with a tweet in which he said Charlie Munger had the choice to invest in Tesla way back at a valuation of around $200 million when both had lunch together almost 15 years ago. Munger is Buffetts trusted lieutenant and second-in-command at Berkshire in his capacity as Vice Chairman.

This is not the first time Musk is recounting the incident that transpired between him and Munger. In reply to a tweet in February2022, the Tesla CEO said he had lunch with Munger in 2009, when the latter discussed all the ways Tesla would fail. While agreeing with Munger on Tesla potentially failing, Musk apparently said it was worth trying anyway.

See also: Everything You Need To Know About Tesla Stock

Why Its Important: Musks rendezvous with Munger, going by the timeline the former mentioned, apparently took place ahead of Teslas IPO on June 29, 2010. Since then, Tesla has grown in rank and is currently a mega-cap company with a market capitalization of roughly $623 billion. Tesla bull Cathie Wood expects the stock to hit $500 by 2026, up from the current $196.88, considering only the EV part of the Tesla story. If the autonomous ride-hailing opportunity is also accounted for, the stock could hit north of $1,500, she said.

Meanwhile, Buffett said in his annual letter to shareholders that Berkshire will hold a boatload of cash and U.S. Treasury bills, along with a wide array of businesses, in the future. He also suggested that the company will not indulge in any activity that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses.

Buffetts philosophy has always been making value buys and holding those investments for the long term. While Berkshire per se does not pay out dividends, a significant portion of its investment holdings pays dividends. So, it remains to be seen if Tesla would make the cut for a Buffett investment.

Read next:Warren Buffett Says In 58 Years Of Managing Berkshire His Decisions 'No Better Than So-So': Here's His 'Secret Sauce'

Photo: Fortune Live MediaandHaddad Mediaon flickr

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Former White Sox pitcher, world champ Jenks dies

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Former White Sox pitcher, world champ Jenks dies

Bobby Jenks, a two-time All-Star pitcher for the Chicago White Sox who was on the roster when the franchise won the 2005 World Series, died Friday in Sintra, Portugal, the team announced.

Jenks, 44, who had been diagnosed with adenocarcinoma, a form of stomach cancer, this year, spent six seasons with the White Sox from 2005 to 2010 and also played for the Boston Red Sox in 2011. The reliever finished his major league career with a 16-20 record, 3.53 ERA and 173 saves.

“We have lost an iconic member of the White Sox family today,” White Sox chairman Jerry Reinsdorf said in a statement. “None of us will ever forget that ninth inning of Game 4 in Houston, all that Bobby did for the 2005 World Series champions and for the entire Sox organization during his time in Chicago. He and his family knew cancer would be his toughest battle, and he will be missed as a husband, father, friend and teammate. He will forever hold a special place in all our hearts.”

After Jenks moved to Portugal last year, he was diagnosed with a deep vein thrombosis in his right calf. That eventually spread into blood clots in his lungs, prompting further testing. He was later diagnosed with adenocarcinoma and began undergoing radiation.

In February, as Jenks was being treated for the illness, the White Sox posted “We stand with you, Bobby” on Instagram, adding in the post that the club was “thinking of Bobby as he is being treated.”

In 2005, as the White Sox ended an 88-year drought en route to the World Series title, Jenks appeared in six postseason games. Chicago went 11-1 in the playoffs, and he earned saves in series-clinching wins in Game 3 of the ALDS at Boston, and Game 4 of the World Series against the Houston Astros.

In 2006, Jenks saved 41 games, and the following year, he posted 40 saves. He also retired 41 consecutive batters in 2007, matching a record for a reliever.

“You play for the love of the game, the joy of it,” Jenks said in his last interview with SoxTV last year. “It’s what I love to do. I [was] playing to be a world champion, and that’s what I wanted to do from the time I picked up a baseball.”

A native of Mission Hills, California, Jenks appeared in 19 games for the Red Sox and was originally drafted by the then-Anaheim Angels in the fifth round of the 2000 draft.

Jenks is survived by his wife, Eleni Tzitzivacos, their two children, Zeno and Kate, and his four children from a prior marriage, Cuma, Nolan, Rylan and Jackson.

The Associated Press contributed to this report.

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In search of infield options, Yanks add Candelario

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In search of infield options, Yanks add Candelario

NEW YORK — The New York Yankees, digging for options to bolster their infield, have signed third baseman Jeimer Candelario to a minor league contract and assigned him to Triple-A Scranton/Wilkes-Barre, the affiliate announced Saturday.

Candelario, 31, was released by the Cincinnati Reds on June 23, halfway through a three-year, $45 million contract he signed before the start of last season. The decision was made after Candelario posted a .707 OPS in 2024 and batted .113 with a .410 OPS in 22 games for the Reds before going on the injured list in April with a back injury.

The performance was poor enough for Cincinnati to cut him in a move that Reds president of baseball operations Nick Krall described as a sunk cost.

For the Yankees, signing Candelario is a low-cost flier on a player who recorded an .807 OPS just two seasons ago as they seek to find a third baseman to move Jazz Chisholm Jr. to second base, his natural position.

Candelario is the second veteran infielder the Yankees have signed to a minor league contract in the past three days; they agreed to terms with Nicky Lopez on Thursday.

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Dodgers’ Snell pitches to hitters, ‘looked good’

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Dodgers' Snell pitches to hitters, 'looked good'

LOS ANGELES — Pitchers Blake Snell and Blake Treinen are progressing toward a return for the Los Angeles Dodgers.

Snell and Treinen each faced hitters Saturday, and Snell pitched two innings. Each could begin a rehab assignment after the All-Star break.

The 32-year-old Snell has pitched in two games for the Dodgers following his five-year, $182 million free agent deal after spending last season with the San Francisco Giants and three before that with the San Diego Padres. He is a two-time Cy Young Award winner.

“(Snell) looked good. He looked really good,” manager Dave Roberts said. “I don’t know what the velo was but the ball was coming out really well. He used his entire pitch mix. I thought the delivery was clean, sharp, so really positive day.”

The Dodgers’ starting rotation has been injury-prone this season but is starting to get a boost from Shohei Ohtani, the two-way superstar who is working as an opener in his return from elbow surgery.

Treinen is looking to get back to his role in the back end of the bullpen. He threw one inning Saturday.

“Blake Treinen I thought was really good as well,” Roberts said. “Both those guys should be ready at some point in time shortly after the All-Star break.”

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