Berkshire Hathaway cuts stake in EV maker BYD as Warren Buffett and Charlie Munger say they don't want to compete against Elon Musk

Tech Insider
Warren Buffett and Elon Musk
Warren Buffett (left) and Elon Musk (right)

Alex Wong/Getty, REUTERS/Rebecca Cook

Warren Buffett-backed Chinese EV maker BYD has seen $18 billion in value wiped out amid Tesla's price war

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

REUTERS/Rebecca Cook

Elon Musk suggests Warren Buffett should buy Tesla stock - and reveals Charlie Munger could have invested in 2008 at a tiny fraction of its valuation today

Tech Insider
warren buffett
Warren Buffett.

AP Images

Berkshire Hathaway has cashed in at least $300 million in Tesla rival BYD stock in the past month - as Warren Buffett's 14-year bet continues to pay off

Tech Insider
Warren Buffett BYD
Warren Buffett's firm has sold off more than 11 million shares in the EV maker in last month.

AP

Chinese EV stocks rise as Elon Musk says he sees Tesla's biggest rival coming from China after the company posts record results

Tech Insider
A XPeng P7 electric car is on display at a XPeng experience store in Shanghai, China.
XPeng's P7 car.

Wang Gang/VCG via Getty Images

Subscribe to BYD stock