Tesla Model 3 sales in China fell in April even as the broader electric vehicle category saw a sales jump. Warren Buffett-backed BYD had the best-selling EV in China last month. Sales from Chinese EV startups are growing rapidly. Tesla (NASDAQ: TSLA) CEO Elon Musk recently took a dig at Warren Buffett, quipping that the…
Berkshire Hathaway has moved into defensive stocks as stakes in recession-prone companies were cut. Warren Buffett’s heavy exposure to financials is now lower. Charlie Munger recently warned of “lots of troubles” ahead for the economy. Warren Buffett’s most recent stock purchases point to growing concerns that an economic downturn is right ahead. A Feb. 14…
Berkshire Hathaway has mostly sat out the stock market’s 2019 recovery. However, Warren Buffett’s firm just made a surprising acquisition. Here’s what that tells us about the stock market. Warren Buffett-led Berkshire Hathaway purchased about $234 million worth of RH shares earlier this month, making a rare acquisition amid one of the strongest stock market…
