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

TL;DR

Tesla presses ahead with a price war.  BYD's stock price has skyrocketed nearly 60-fold since then, even after the recent losses — meaning Berkshire has still made roughly $13 billion, or a 5,500% gain, on its initial investment.  "That's a pretty good rate of return," he added, referring to the conglomerate's 55-fold gains trading the stock

Like summarized versions? Support us on Patreon!