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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Warren Buffett-backed BYD Shares Reach Record High as Musk's Tesla Stock Declines 40% This Year

Tesla Inc. BYD Warren Buffett Elon Musk United States Donald Trump Xiaomi
BYD shares recently reached a record high. (Credit: AFP News)

Chinese EV maker Build Your Dreams (BYD) share prices are up 44% this year, in sharp contrast to Tesla's 37% decline year-to-date.

As BYD rapidly expands globally, investors are worried that Tesla chief Elon Musk is stretched too thin with his new role in Trump's administration and multiple business ventures across SpaceX, Starlink, xAI, and X, formerly Twitter. Most of his business ventures are also facing stiff competition in global markets.

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International Business Times UK
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