While many investors hold great respect for Warren Buffett, they may also view him as more of a traditional investor. But the Oracle of Omaha is not afraid to buy trendy technology and artificial intelligence stocks if he thinks they meet his well-known criteria of being wonderful companies at fair prices.

In short, it was not true that Buffett bought Tesla for $1 trillion — or for any other amount. Rather, the claim originated from an article labeled as an April Fools'