Berkshire Hathaway cuts stake in EV maker BYD as Warren Buffett and Charlie Munger say they don't want to compete against Elon Musk
Warren Buffett and Elon Musk Berkshire Hathaway reduced its stake in Chinese electric vehicle maker BYD to just under 10%.
The sale comes as Warren Buffett and Charlie Munger said they don't want to compete against Elon Musk.Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.
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Berkshire Hathaway sells $58.9 mln worth of shares in China's BYDBerkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.96 million Hong Kong-listed shares of electric vehicle maker BYD for HK$462.09 million ($58.9 million), a stock exchange filing showed.
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Berkshire Hathaway's Warren Buffett speaks positively about Elon MuskBerkshire Hathaway's Warren Buffett and Charlie Munger spoke positively on Saturday about Elon Musk, using words like 'brilliant' and 'talented' when talking about him.
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Stocks making the biggest premarket moves: PacWest, Berkshire Hathaway, American Airlines, AMC and moreThese are the stocks posting the largest moves in the premarket.
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Berkshire Hathaway shares rise as investors cheer earnings beat and Geico's quick turnaroundBerkshire Hathaway rose Monday as Warren Buffett's conglomerate won over investors with strong earnings and an insightful weekend 'Woodstock for Capitalists.'
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Stocks making the biggest moves midday: Berkshire Hathaway, Catalent, Tyson Foods, Zscaler and moreThese are the stocks posting the largest moves in midday trading.
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Berkshire Hathaway’s utility company is about to hit a major renewable energy milestoneBerkshire Hathaway's utility is at renewable energy power levels that surpass the national average. Climate investors still aren't happy with Warren Buffett.
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