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Barchart
Barchart
Mohit Oberoi

Warren Buffett, Tesla Stock, and a Gas Station: Here's the Connection

Warren Buffett Tesla Inc. Elon Musk Lucid Motors Fisker Polestar

Berkshire Hathaway (BRK.B), which is led by the legendary value investor Warren Buffett, has been gradually selling its shares of Chinese electric vehicle (EV) giant BYD (BYDDY), and has also trimmed its stake in General Motors (GM) over the last year.

The EV industry is going through turmoil, to say the least, and faces several headwinds - including the brutal price war. As the “Oracle of Omaha” backs down on EV stocks, should investors also follow suit? We’ll take a closer look in this article.

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