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The move comes after a 2022 shareholder letter in which Buffett and Berkshire Hathaway Vice Chairman Charlie Munger said they found little about large deals that 'excites' them.
The billionaire investor has referred to the company as one of Berkshire Hathaway's largest businesses, third only to its insurance and railroad interests.
Whole Foods CEO and cofounder John Mackey and his team approached Buffett about a buyout, but the billionaire investor and head of Berkshire Hathaway said it wouldn't be a good fit.
Tesla stock, of which Musk is the largest holder, continues to hit record highs. Buffett, meanwhile, donated almost $3 billion of Berkshire Hathaway stock, causing his riches to shrink.
Two of the world's richest businessmen are ringing in their silver anniversary today. Their friendship wasn't always 'Oreos for breakfast' and heart-to-heart calls. The mogul mates got off to an 'awkward start.'
The investor presided over his 51st Berkshire annual meeting in Omaha, Neb., where he and Vice Chairman Charlie Munger fielded five hours of questions.