No. of Recommendations: 3
It's likely Buffett sold more into strength. ''Chinese EV and battery maker BYD, the second-most profitable EV company after Tesla, told investors it expects to make about $2.4 billion to $2.5 billion in 2022. BYD makes more EV models at lower prices than Tesla, but Tesla is larger and far more profitable.''
I wonder why Buffett is lightening up on this holding, given its primo positioning in a rapid growth industry? Geopolitical risk? Worried the CCP is going to take too much of the profit for the state?
