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Elon Musk laughed at BYD in 2011. Warren Buffett's Berkshire Hathaway has made nearly 40 times its money on the Chinese EV stock

July 1, 2022
Source: e-servicis.com e-servicis.com
News Snapshot:
Elon Musk laughed at BYD in 2011. Warren Buffett's Berkshire Hathaway has made nearly 40 times its money on the Chinese EV stock 8 hours ago | By Warren Buffett. AP Images Elon Musk dismissed BYD as a Tesla rival in 2011, ridiculing the design and quality of its vehicles. Warren Buffett's Berkshire Hathaway has made a nearly 40-fold gain on the Chinese automaker's stock. Berkshire spent $232 million in 2008 for a stake valued at more than $9 billion today. Elon Musk laughed out loud at BYD in 2011, three years after Warren Buffett's Berkshire Hathaway invested in the...
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Tags: BYD | car | Chinese | electric vehicle | Elon Musk | EV | quality | stock | Tesla | Three | vehicle

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