Tech Insider
warren buffett
Warren Buffett-backed BYD has seen an $18 billion wipeout.

REUTERS/Rebecca Cook

  • Shares in China's BYD have fallen 14% in the past month as rival Tesla presses ahead with a price war.
  • That stock price plunge has erased $18 billion off the Warren Buffett-backed EV maker's total valuation.
  • Buffett's Berkshire Hathaway has still made gains of roughly 5,500% on its initial BYD investment.

Warren Buffett-backed BYD has suffered an $18 billion wipeout in value over the past month as rival EV maker Tesla presses ahead with a price war.

Tags
Markets, MI Exclusive, Stocks, byd, BYD stock, Warren Buffett, Charlie Munger, tesla, TSLA, tesla stock, TSLA stock, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Investing Analysis, Investing Outlook, Investing Strategy, Berkshire Hathway, BRK.A, Berkshire Hathaway stock
Source
Warren Buffett-backed Chinese EV maker BYD has seen $18 billion in value wiped …