Replies to post #82081 on Tesla Inc (TSLA)

[Scumbag Fraudsters]

Wrong again, you never learn.

I don't trust the CCP, but I do trust Warren Buffett and Charlie Munger.

Fortune -- Feb. 16, 2023

Charlie Munger, the right-hand man of Warren Buffett, still thinks his 2008 decision to get Berkshire Hathaway to invest in budding Chinese carmaker BYD—now the world’s top-selling EV brand—was one of the best decisions he’s ever made.

“I have never helped do anything at Berkshire that was as good as BYD,” Munger said Wednesday during the annual meeting at the Daily Journal Corp., where Munger serves as a director.

Munger praised BYD’s dominance of China’s electric vehicle market. “BYD is so much ahead of Tesla in China,” he said. “It’s almost ridiculous.”

China’s middle-income consumers are flocking to BYD models selling between $14,500 and $29,000, instead of more expensive offerings from competitors like Tesla and Xpeng.

Forbes -- July 15, 2023

Net first-half profit at BYD, China’s EV leader backed by Warren Buffett’s Berkshire Hathaway, may have more than tripled from a year ago amid rising sales of EVs and improved market share, the company said on Friday.