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Fortune

Eleanor Pringle

Warren Buffett just sold his entire stake in Tesla-rival BYD as profits fall and tariff questions rise

BYD Warren Buffett Tesla Inc. Berkshire United States Berkshire Hathaway Elon Musk Charlie Munger Donald Trump Fortune

Warren Buffett speaks onstage at the FORTUNE Most Powerful Women Summit on October 16, 2013 in Washington, DC. (Credit: Paul Morigi/Getty Images for FORTUNE)

Berkshire Hathaway has fully exited its stake in Chinese EV-maker BYD, ending a 17-year investment that began in 2008. The sale, part of a broader portfolio reduction, comes after BYD’s profits slowed and Mexico’s recent tariff hike on Chinese vehicles.

For the majority of the past two decades, Chinese EV-maker BYD has been able to hang its hat on the fact that famed investor Warren Buffett held a stake in its business. That’s no longer the case, according to a recent filing from Berkshire Hathaway.

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