BYD just lost Berkshire's backing after 17 years - here's why your EV portfolio matters
Key Points
- Berkshire Hathaway has exited its partnership with BYD, caus...
Warren Buffett and Charlie Munger once called BYD a "miracle" - apparently miracles have expiration dates. After 17 years of partnership, Berkshire Hathaway has officially dumped its entire stake in the Chinese electric vehicle giant, sending shares plummeting 6% faster than a Tesla in ludicrous mode.
The Oracle of Omaha's exit isn't just a casual breakup - it's more like your reliable friend suddenly unfriending you on social media. BYD's stock has already tanked 28% this year, and losing Berkshire's stamp of approval feels like getting ghosted by the most respected investor on the planet.
...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.