Warren Buffett's right-hand man says Elon Musk is gifted but weird
Munger lauded BYD for growing rapidly in its home market and leaving Musk in the dust."BYD is so much ahead of Tesla in China it's almost ridiculous," he said.
The billionaire investor pointed out that Tesla cut its car prices in China last year, while BYD was able to raise prices. He also noted BYD's auto division made over $2 billion in after-tax profits in the country last year. "Who in the hell makes $2 billion as a brand-new entrant in the auto business, for all practical purposes?" Munger exclaimed."It's incredible what happened."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why you might be seeing more Elon Musk tweets — even if you don’t follow himElon Musk had Twitter engineers alter his social network’s algorithm and prioritise his tweets, resulting in a glut of them in users’ feeds on Monday, according to a report by Platformer.
Read more »
Please love me: Yes, Elon Musk used Twitter to force-feed us his tweetsIf you used Twitter in the past 48 hours, you might have been one of the unlucky tweeps bombarded by a stream of Elon Musk’s tweets. 📲 SocialMedia
Read more »
Elon Musk Is Making Sure He Gets Exactly What He Wants: Twitter...Elon Musk threw a total tantrum last week after he realised that some of his tweets weren’t getting enough views.
Read more »
Business Maverick: Buffett’s quick $3.7bn sale of TSMC stock spooks investorsThe legendary stock picker slashed his holding of Taiwan Semiconductor Manufacturing Co (TSMC) just months after disclosing a major stake, an unusually quick reversal by Buffett that’s chilling investor sentiment towards the chip giant.
Read more »