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Fortune

Steve Mollman

Warren Buffett wary of investing in electric vehicle makers in U.S., says auto industry is ‘just too tough’

Warren Buffett Tesla Inc. Charlie Munger United States Elon Musk Berkshire Hathaway BYD electric vehicle Ford

(Credit: JOHANNES EISELE/AFP via Getty Images)

Warren Buffett said this weekend that he admires Tesla CEO Elon Musk. And the Berkshire Hathaway CEO believes electric vehicles will bring big changes to the auto market. But he doubts any carmaker will be able to hold a dominant position.

“You will see a change in the vehicles, but you won’t see anybody that owns the market because they changed the vehicle,” Buffett said this weekend at Berkshire Hathaway’s annual conference. The investing legend and his partner, vice chairman Charlie Munger, shared their thoughts on EVs and the auto industry in general during a Q&A session.

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Top stories on inkl right now

Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

Democratic Senate candidate’s remarks come as Trump has long baselessly claimed his 2020 election loss was stolen

The Guardian - US

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Dr. Kris L. Taylor and Camille Angulat-Nieto received over 20 prescriptions for ‘Punkin’ a dog that was already dead

The Independent UK

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias left more than 390,000 Alabama and Florida customers without power. Health officials warn that generator carbon monoxide is a top danger during cleanup.

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

A Florida appeals court ordered a grand jury report on $10 million from a Centene Medicaid settlement expunged. What the ruling says and what remains open.

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Federal judge halts ICE detention centre construction at California site over environmental review

Federal judge halts ICE detention centre construction at California site over environmental review

A federal judge has granted a preliminary injunction halting construction of an ICE facility near Gilroy, California. The ruling came in response to a lawsuit filed by California Attorney General Rob Bonta and Santa Clara County. They argued that construction began without an adequate environmental assessment or consultations with local…

The Times of India

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

Social media platform Meta has 48 hours to respond to claims by Brazil's leftwing candidate and incumbent President Luiz Inacio Lula da Silva's campaign accusing the tech platform of blocking content on the company's platforms. Brazil's Superior Electoral Court on Saturday gave the social media giant 48 hours to clarify…

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Top stories on inkl right now

Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

Democratic Senate candidate’s remarks come as Trump has long baselessly claimed his 2020 election loss was stolen

The Guardian - US

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Ohio animal hospital owner accused of using dead dog’s name to obtain thousands of prescription pills

Dr. Kris L. Taylor and Camille Angulat-Nieto received over 20 prescriptions for ‘Punkin’ a dog that was already dead

The Independent UK

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias left more than 390,000 Alabama and Florida customers without power. Health officials warn that generator carbon monoxide is a top danger during cleanup.

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

A Florida appeals court ordered a grand jury report on $10 million from a Centene Medicaid settlement expunged. What the ruling says and what remains open.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Federal judge halts ICE detention centre construction at California site over environmental review

Federal judge halts ICE detention centre construction at California site over environmental review

A federal judge has granted a preliminary injunction halting construction of an ICE facility near Gilroy, California. The ruling came in response to a lawsuit filed by California Attorney General Rob Bonta and Santa Clara County. They argued that construction began without an adequate environmental assessment or consultations with local…

The Times of India

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

Social media platform Meta has 48 hours to respond to claims by Brazil's leftwing candidate and incumbent President Luiz Inacio Lula da Silva's campaign accusing the tech platform of blocking content on the company's platforms. Brazil's Superior Electoral Court on Saturday gave the social media giant 48 hours to clarify…

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Kelly Clarkson Slams Brooklyn Store After Being Treated Like She Couldn't Afford Its Products in 'Pretty Woman' Moment

Kelly Clarkson says an Art of Play employee treated her as though she could not afford its products. The Brooklyn shop has shared positive reviews but has not publicly explained the encounter.

International Business Times UK

Kelly Clarkson Blasts Brooklyn Store After Employee Allegedly Assumes She Can’t Afford Their Products: ‘You’re An Idiot’

Kelly Clarkson shared an alleged unpleasant shopping experience at a Brooklyn store, prompting fans to react and sparking backlash against the business.

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What Is Jaleel White Worth Decades After Playing Steve Urkel?

For millions of television viewers, Jaleel White will always be Steve Urkel, the suspender-wearing neighbor who became a cultural phenomenon on “Family Matters.” But nearly three decades after the sitcom ended, White has built a career extending far beyond his unforgettable character.

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