Elon Musk Says Warren Buffett Could Be Treasury Secretary 'Using Less Than An Hour's Time Per Week'

Elon Musk is a man of many opinions and therefore it did not come as a surprise when he responded to a question about his choice of Treasury Secretary.

What Happened:  Earlier this month, Treasury Secretary Janet Yellen testified before the Senate Banking Committee and offered her thoughts on the U.S. debt.

She was asked by lawmakers whether she is concerned about the U.S. debt soaring from $32 trillion to $50 trillion. She implied that it may not be a problem if the real net interest cost of the debt remains low relative to GDP and the economy is on a sustainable fiscal course.

Grit Capital founder Genevieve Roch-Decter tweeted a video clip of the same and after criticizing it, asked Musk whom he would prefer to have as Treasury Secretary.

The Tesla CEO had a swift reply to the question. "Probably Buffett," he said. "He could do it using less than an hour's time per week.”

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Roch-Decter replied then that the return on investment would be "wonderful" for all Americans.

Musk also delved into attributes that would make a good Treasury Secretary.

"Any highly successful investor with a long track record would do a good job – the job is essentially fund management at scale," he said.

Why It's Important: Musk's views come despite his not-so-close relationship with Buffett. The Tesla CEO's urgings in the past for Buffett to invest in Tesla have fallen on deaf ears.

Buffett's Berkshire Hathaway has built up a stake in Chinese electric vehicle startup BYD Company Limited BYDDY BYDDY but has not warmed to Tesla thus far.

Future Fund's Gary Black recently explained why Buffett may not consider Tesla as an investment option. As opposed to the billionaire investor's thesis of value buying, Tesla is a growth stock, he said.

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