When two of the world’s most legendary investors, Warren Buffett and Charlie Munger, sing your praises, it’s worth noting. At the Berkshire Hathaway shareholder meeting, the duo showered compliments on Elon Musk, acknowledging him as a new force in American capitalism and a pioneer in the business.

Musk, the co-founder and CEO of Tesla, is on the cusp of achieving a significant milestone: transforming Tesla into an automaker that produces millions of electric vehicles annually for various consumer demographics. By convincing the average person to drive an electric vehicle, Musk will have achieved a considerable feat.

In addition to Tesla’s ongoing advancements in artificial intelligence and self-driving technology, Musk’s aerospace company, SpaceX, is inching closer to its dream of conquering and inhabiting Mars. Despite a recent explosion during the launch of Starship, the world’s most powerful rocket, Musk remains undeterred and plans another attempt in the coming months.

Buffett and Munger were asked about their views on Musk during the shareholder meeting. In response, Munger acknowledged that while Musk may overestimate himself, he is incredibly talented and has achieved a great deal in life by striving for unreasonably extreme objectives. Buffett concurred, calling Musk a “brilliant, brilliant guy” whose dreams have a solid foundation.

These comments from Buffett and Munger, made during the annual shareholder meeting, signify a strong endorsement of Musk’s role in the business world, which entrepreneurs and investors should note. Grateful for their kind words, Musk promptly expressed his appreciation on Twitter.